The Federation of Israeli Chambers Commerce reported on Sunday that over the first eight months of the year, imports of equipment and machinery have increased 24 percent to $4.1 billion.
Industrial imports of machinery and equipment increased 66.6% to $538 million, the FICC added. According to FICC economists, over the months of July and August, the amount of equipment and machinery imports rose sharply, a development they say was a result of fluctuations in the relative strength of the dollar.
Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>