CBS: GDP growth revised downward

According to a second estimate made by economists Israel's GDP grew at a 4.6% annualized rate in the second quarter of 2010
 
The Central Bureau of Statistics (CBS) reported last week that according to a second estimate made by economists Israel's GDP grew at a 4.6% annualized rate in the second quarter of 2010.
 
The figure is slightly lower than the 4.7% reported in the CBS's first estimate. According to the newly published revised estimates, GDP grew 3.8% in the first quarter, 4.4% in the second quarter of 2009, and 4% in the third quarter of 2009.
 
Exports of goods and services rose 19.9% in the second quarter, up from a 6.4% rise in the first quarter, and private consumption expenditure rose 9%, up from 0.7% in the first quarter. GDP rose at a 4.1% pace in the first half of 2010, compared with the previous six months.