CBS: The March 2007 Composite State-of-the-Economy Index rose by 0.6%

The Central Bureau of Statistics (CBS) announced on the last day of April that the composite state-of-the-economy index for March 2007 went up by 0.6%.
 
The CBS noted that the rise of the composite state-of-the-economy index indicated the continued rapid expansion of economic activity. In an in-depth analysis the CBS said that the rise in the index was the direct result of:
A. Significant rise in the indices of trade and services revenues and of manufacturing production.
B. A rise in the indices of goods exports and imports, offset in part by a decline in the index of services exports.
 
With regard to the main components of the composite state-of-the-economy index, Goods exports index recorded a rise of 4.5% in March, in contrast to its 9.4% drop in February; Manufacturing production index rose in February by 2.3%, following its 2.8% decline in January; Trade and services revenue index rose in February by 3.1%, after rising by 2.3% in January; Services exports index fell in March by 6%, following its rise of 1.8% in February; Imports index rose by 2.5% in March, after falling by 1.1% in February.