The Bank of Israel announced, Tuesday, that its Composite State of the Economy Index for October 2016 increased by a tenth of a percent percent, lower than its rate of growth since the beginning of the year. Announcing the index, the bank said, "The declines in goods exports and in imports of manufacturing inputs in October, and the decline in the Industrial Production Index in September were the main contributors to the slowdown in the growth of the index. In contrast, the increase in the trade and services revenue indices and the continued increase in the import of consumer products contributed to the increase in the Composite Index."
The index for September was slightly revised, due in part to the downward revision in data on the import of manufacturing inputs.