In 2005 Industrial investment will rise 6%

Nira Shamir, director statistics and economic analysis division at the Manufacturers Association said last week in a press release that industrial investment in imported equipment and machinery, in first quarter of 2005, totaled NIS 2.7 billion, a 7% increase in real terms compared with the corresponding quarter of 2004.
 
Shamir noted that industrial investment had risen by an average of 33% per quarter in the three preceding quarters.
 
Shamir also noted that according to statistical figures based on the Manufacturer Association’s quarterly analysis of industrial investment, industrial investment in imported equipment and machinery would grow, in 2005, by 6%, compared with 2004, totaling NIS 11.5 billion.
 
Investment in high-tech industries grew by 8% in the first quarter. Investment in most high-tech sub-sectors grew, especially medical and scientific monitoring and supervision equipment 21%, and transportation equipment 33%.