The Bank of Israel announced on Tuesday that its Composite State of the Economy Index for September increased by three tenths of a percent, similar to its rate of increase in August and slightly above its pace in previous months (about 0.2 percent).
According to the bank's website, "The increase in the index indicates continued expansion of economic activity at a particularly stable pace since the beginning of the year." The main positive impact was the increase in imports of consumer goods and of manufacturing inputs, accompanied by increases in the trade and service revenue indices in August. In contrast, the decline in the export of goods in September and industrial production in August moderated the rate of increase.