February business climate 3.5% riskier

Israel's business climate was 3.5% riskier in February, with 46,400 companies in danger of closing, up from 44,800 in January, Business Data Israel said Monday.

Israel's business climate was 3.5 percent riskier in February, with 46,400 companies in danger of closing, up from 44,800 in January, Business Data Israel said Monday. Roughly 14.5% of businesses in Israel were at a particularly high risk of closure and 15.3% were at above average risk, up from 14% and 14.9%, respectively, in January, while the proportion of those at medium risk slipped to 62% from 62.9%. BDI's risk index rose 1% to 5.98 from 5.92 in January, the firm said, noting that the index was still much better than its February 2005 level of 6.09. Holidays are expected to boost the state of Israel's businesses in April and May, BDI said.