Paper manufacturers safest business in February

Chemical manufacturers also were rated as "secure" after posting good numbers during February, with only a 5.29% risk of closing, according to BDI.

By MATTHEW KRIEGER
March 21, 2007 07:43

Manufacturers of paper and cartons have been deemed the "safest" businesses by Business Data Israel (BDI) for the month of February as the chance of a business in this sector closing fell to 4.86% over the month from 5.04% in January, based on industry growth over the period. Chemical manufacturers also were rated as "secure" after posting good numbers during February, with only a 5.29% risk of closing, according to BDI. Following in third place for the month were the cosmetics and pharmaceuticals industries, which received high marks from BDI based on strong sales during the second month of the year. On the other hand, moving companies were named as "high-risk" businesses by BDI, with over a 7% chance of closing based on decreased performance during February. Additionally, restaurants, pubs and coffee-houses posted 11.6% growth in the month over February of last year, followed by manufacturers of agricultural products with 6.9% growth, according to BDI.


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