Dank Andy ist hier das folgende zu lesen: ++++++++++++++++++++++++++++++++++++++++++++++++++ Israel's economy grew at 6.6% in first quarter
The growth rate is well above forecasts. Business product rose by an annualized 10.6% in the quarter.
Zeev Klein 15 May 06 15:06
Prime Minister Ehud Olmert and Governor of the Bank of Israel Prof. Stanley Fischer had an excellent first quarter. The economy grew by an annualized 6.6% in the first quarter of 2006, well above forecasts and faster than the 5.2% growth in 2005 as a whole, according to a Central Bureau of Statistics report on the economy published today. The Central Bureau of Statistics said business product rose by an annualized 10.6% in the first quarter, after rising 6.6% in 2005. Investment in fixed assets grew by an annualized 16.3%, including a 57% increase in investment in land vehicles and a 20% increase in investment in machinery and equipment.
Meanwhile, the construction industry continues to stagnate. Investment in residential construction fell 2.6%, and investment in non-residential and other construction fell 1.7%.
GDP per capita rose 5.1% in the first quarter, higher than forecast, compared with 3.3% growth in 2005 and 2.6% in 2004. Private consumption per capita rose by 8.7%, after rising moderately last year. Private consumption rose by an annualized 10.3% in the first quarter, including an annualized 14.6% increase in purchases of durable goods.
The Central Bureau of Statistics said exports of goods and services rose by an annualized 2.4% in the first quarter, after falling 9.6% in the preceding quarter. Income from tourism rose by annualized 41% in the first quarter, and industrial exports, excluding diamonds, rose by an annualized 9.2%. On the other hand, party because of exchange rate volatility, diamond exports fell by an annualized 35%, and agricultural exports fell by 36%.
Imports of goods and services fell by an annualized 2.5% in the first quarter. Civilian imports fell by an annualized 5.2%. Changes in these items meant that sources available to the economy from GDP and imports rose by an annualized 2.5%.
Since the end of the intifada in mid-2003, Israel’s economy has grown by 15%, and GDP per capita has grown by over 9%. In absolute figures, GPD reached an annualized NIS 540 billion in the first quarter, and private consumption totaled NIS 312 billion.
GDP per capita is approaching NIS 77,000, more than $17,000, and private spending per capita was NIS 44,000.
Published by Globes, Israel business news - www.globes.co.il - on May 15, 2006
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Hierzu ein Dankeschön an Juanhaas. :) Ein anderer Autor mit ziemlich genau der selben guten Aussage. ++++++++++++++++++++++++++++++++++++++++++++++++++
Last update - 15:33 15/05/2006
Israeli economy beats forecasts with 6.6 percent growth in Q1
By Tal Levy
Israel's economy is booming. Economic growth passed even the most optimistic of forecasts in the first quarter of 2006: GDP grew by 6.6 percent in annualized terms, according to information released Monday by the Central Bureau of Statistics.
Israel's gross domestic product has been accelerating since the third quarter of 2005, when the pace of growth was 4 percent. In the last quarter of 2005, the economy expanded by 5.6 percent, in seasonally adjusted terms.
Growth of the business product has also been rising, to 10.6 percent in the first quarter of 2006, compared with 7 percent in the previous quarter and 6.1 percent in the third quarter of 2005.
Spending is also on the rise. Private consumption shot up by 14.6 percent in the first quarter of 2006, says the CBS, following a 5.6 percent increase in the previous quarter.
Most of the increase was caused by a 76 percent leap in new car purchases. Some distance behind are purchases of refrigerators, washing machines and air conditioners, which increased by 5.9 percent.
Spending on apparel, footwear, medicines and household maintenance increased by 7.5 percent in the first quarter, after a 1.6 percent retreat in the previous three months.
Also, Israel's trade balance improved. The import of goods (excluding defense imports) dropped by 5.2 percent in the first quarter, while export of goods increased by 2.4 percent, after retreating by 9.6% in the prior quarter.
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