There is a continued slowing trend in the business sector; however, the growth rate is expected to climb in the second half of this year and in 2015
April’s composite state-of-the-economy index remained unchanged, for the second month in a row. This development reflects a slowdown in the rate of growth compared to the average monthly rate of change of 0.2% over the previous 12 months. Over the past three months (February – April) the composite index increased 1.6% compared to the preceding three months, in annualized terms. This is the lowest growth rate since mid-2009 (when the Israeli economy was recovering from the recession that engulfed it as a result of the sub-prime crisis), and low relative to the rates of change in recent months, which indicated an annualized growth rate of 3% in the past year.
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