Goods and services revenue up 2%

Agriculture was responsible for much of the growth in the goods and services sector for the year 2006.

Despite tens of millions of shekels of losses due to avian flu and the war in Lebanon, the goods and services sector managed to increase 2006 revenues by about 2 percent, including agriculture production totaling NIS 13.3 billion, Business Data Israel, the research company, reported. Agriculture was responsible for much of the growth in the goods and services sector for the year 2006. Agrixco led the sector as the largest agriculture company in 2006 with a revenue increase of 8% compared to 2005, amounting to NIS 3b. The number of employees in the sector fell 10% to 45 thousand workers, while average wages rose 2% to NIS 4,950.