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Source:
شبكة فلسطين الإخبارية
Israel's July economic growth up 0.5%
Economic activity in Israel increased by 0.5% in July, surpassing the average monthly growth of 0.3% recorded over the previous three months. Labour market data, such as the rise in job vacancies and employment, along with tax revenues and the GDP for the second quarter, largely contributed to supporting this growth. However, the gain was hampered by declines in industrial exports, consumer goods exports, and input imports, with exports in mixed-technology industries decreasing by up to 13.5%, and consumer goods imports falling by 5.7%. The labour market also showed an increase in the number of vacant positions by 1.5%. Overall, the report indicates that despite some relative declines in certain sectors, growth remains strong, with expectations that economic activity will continue to advance despite the challenges.
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