Israel economic performance index +1.2% in July

Bank of Israel: “There appears to be a turnaround that is reflected in a rise in economic activity”
 
The Bank of Israel said last Wednesday that Israel's economic performance index, or 'S' index, rose 1.2% in July, its third increase in a row and largest monthly gain since February 2008. The central bank noted in a statement that: "There appears to be a turnaround that is reflected in a rise in economic activity”.
 
)percent change from prior month(
 
                                               July 2009    June 2009*    July 2008*
S index                                        + 1.2             + 0.6             - 0.3
Exports of services index            + 3.2              - 3.1               n/a
Exports of goods index               + 0.4               - 1.1               n/a
Imports index                              + 4.3              + 4.3               n/a
* revised