Sharp rise in equipment imports

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% to $4.1b.

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.