Industrial imports up 9% in first half [pg. 15]

By AVI KRAWITZ
July 23, 2006 23:35
1 minute read.

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Industrial exports rose 9 percent to $7.6 billion in the second quarter of 2006, the Manufacturers Association of Israel said Sunday but the outlook for growth for the rest of the year was uncertain given the violence in the North. "Continuation of the growth in exports depends on the security situation," said Yoram Belizofsky, director general of the group. "Any deterioration or deepening of attacks beyond Haifa and the North will change the rising trend that has been characteristic of exports over the last few months." Belizofsky added that, for now, overseas customers continue to believe in the strength of Israeli industry, the economy and exporters, who have shown in the past their ability to live up to delivery commitments. The Association noted that during the quarter there was a sharp drop of 16% in elite technology exports after a 3% rise in the first quarter, including electronic components, computers and communications equipment. Exports in mixed-elite technologies, such as chemical products, oil distilleries and machinery, grew 8% from the parallel period last year, while mixed traditional technologies rose 4.5% and traditional exports, including food products, textiles and furniture, increased 1.5%. Meanwhile, the Central Bureau of Statistics reported Sunday that Israel's manufacturing trade deficit, excluding diamonds, narrowed in 2005 to $6.1b., from $6.8b. the previous year. CBS said the deficit - excluding ships, aircraft, and diamonds - narrowed to $4.1b. for the year, some $1.1b. less than 2004. The most notable rise came from elite technologies which doubled its profits (exports over imports) for the year to $5b., compared to $2.5b. in 2004, it said.

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS