Israel: Exports contract less in October
November 11, 2015
According to the Central Bureau of Statistics (CBS), in October exports totaled USD 4.2 billion, which was an improvement over the USD 3.8 billion seen in September. The reading marked a 8.9% contraction over the same month last year (September: -24.2% year-on-year).
Meanwhile, imports totaled USD 5.2 billion in October, which was up from the USD 4.1 billion seen in September. October’s reading was a 6.1% decrease year-on-year, which was an improvement over the 27.5% decline observed in September.
The trade balance recorded a USD 1.1 billion shortfall in October, which was a deterioration over the USD 300 million deficit seen in September.
Author: Dirina Mançellari, Senior Economist