The Manufacturers Association of Israel reported on Monday that it expects to see an increase in investment by industry of just 5 to 7 percent, equaling approximately NIS 15 billion, in industrial equipment and machinery over the course of 2007, compared to last year's 29% jump.
According to the Association, over the first quarter of the year such investment increased 7.6% compared to a jump of some 20% over the same period last year.
Meanwhile, in the hi-tech sector, the Association reported a rise in investments of equipment and machinery of only 6%, compared to an increase of 66% during the first quarter of 2006. The first quarter of 2007, the Association noted, was the first time in four quarters that investments into hi-tech machinery (including investments in medical equipment, communications equipment, electronics), grew less than 40%.
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