GDP Growth Revised Downward

Israel's GDP rose at an annual rate of 3.4% in the first quarter of 2010, down from a previous estimate of 3.6%
 
Figures published by the Central Bureau of Statistics last week show that Israel's GDP rose at an annual rate of 3.4% in the first quarter of 2010, down from a previous estimate of 3.6%.
 
The figure is the third estimation of economic growth figures by the Central Bureau of Statistics. Israel's GDP grew at a rate of 4.4% in the fourth quarter of 2009, and grew at a rate of 3.9% in the third quarter of 2009.
 
The data shows that in the first quarter, private consumption expenditure rose by 4.4%, exports of goods and services rose by 3.1% and investment in fixed assets rose 1.3%.