BOI: State of Economy Index - economic expansion has returned to the rate before the war

The increase in the State of Economy Index for July was revised upwards from 0.2% to 0.4%, and revised upwards for August from 0.3% to 0.5%
 
The Bank of Israel (BOI) published last week the September's State of the Economy Index, indicating an increase of 0.6%, giving a further positive sign that Israel’s economy has been growing despite the second Lebanon warand that the rate of economic expansion has returned to the rate before the war.
 
The BOI statement also said that the figures for the State of Economy Index for July and August 2006 had been revised upwards because the trade and services proceeds data were better than previously thought.
 
The increase in the State of Economy Index for July was revised upwards from 0.2% to 0.4%, and revised upwards for August from 0.3% to 0.5%.
 
As for September, the bank noted that most of the growth was due to increase in the trade and services proceeds and in exports.
 
The State of Economy Index for January-September 2006 rose 6.1%, after rising 7.1% in 2005 and by a similar rate in 2004.