The Central Bureau of Statistics reviews unfavorable GDP per capita progress of 0.4% within the second quarter, on an annualized foundation.
Israel’s financial system grew by 1.2% within the second quarter, on an annualized basi. This provides unfavorable GDP per capita progress of 0.4% on an annualized foundation, when adjusted for inhabitants progress.
Personal consumption, which rose by 12% on an annualized foundation and a pair of.9% within the second quarter led the expansion and has been rising because the begin of the 12 months, after falling sharply throughout the fourth quarter of 2023, initially of the warfare.
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The rise in GDP stemmed from authorities spending, which rose by 8.2% within the second quarter, whereas there was a 1.9% fall in enterprise manufacturing. The figures point out a moderation in consumption within the Israeli financial system after the ‘rebound’ within the first quarter, when GDP progress was 14.1% on an annualized foundation.
Israel’s financial system grew by 2% in 2023, reflecting unfavorable GDP per capita progress of 0.1%, due to inhabitants progress final 12 months. This follows GDP progress of 6.5% in 2022. Excluding 2020 when the Covid pandemic hit, and Israel’s financial system contracted by 2.5%, the final time the financial system contracted was in 2009, following the worldwide monetary disaster.
Printed by Globes, Israel enterprise information – en.globes.co.il – on August 18, 2024.
© Copyright of Globes Writer Itonut (1983) Ltd., 2024.
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