Market Rebounds Swiftly From Summer War

Statistics Bureau reports a near-6% spike in total proceeds in all sectors of the economy.

Gil Ronen,

Stock market
Stock market
Israel news photo: Flash 90

The market is rebounding swiftly after Operation Protective Edge, according to the Central Bureau of Statistics (CBS).

From November 2014 to January 2015, there was a 5.8% rise in the annual calculation – compared to August-October 2014 – in the total proceeds of all sectors of the economy.

The construction sector's proceeds rose by 13%. Information and communication rose 7.8%, and art, entertainment and leisure rose 10.3%.

In the industry, mining and quarrying sector, there was a 4% rise, annually calculated. In proceeds from wholesale and retail commerce and automotive repair – a 5.3% rise. In hosting and food services – a rise of 7.8%.

More encouraging statistics were published last week, including a forecast that market growth would hit 6.8% in the fourth quarter of 2014, while unemployment sank to 5.5%.

The number of jobs on offer rose by 5.7% in February to 77,400, up by 4,200 jobs from January.

According to Globes, many economists expect the Bank of Israel to reduce its interest rate – which is currently at 0.1% – to under 0%, for the first time in Israel's history.