Trade data for January-February 2017

13-03-17 Bottom line:  At the headline level, the trade deficit widened sharply in January-February. However, the detailed picture is much more complicated, even confused, as the points below illustrate. Overall, the export sector is still weak, but less so than last year, while imports are distorted by several short-term factors. The impact of the recent sharp rise in the shekel’s […]

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GDP DATA: NATIONAL ACCOUNTS FOR FULL-YEAR 2016 and REVISED QUARTERLY DATA

9th March, 2017 Bottom line: Another upward revision, with strength across the board. The first full set of national accounts for the whole of 2016 show even stronger growth than the estimates published at year-end. The growth encompasses domestic spending by the private and public sectors, exceptionally strong investment and strength in both imports and exports.  

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The news as Circus Maximus

If it’s getting big play in the mainstream media (MSM), it’s probably not important. If it’s genuinely important, it’s probably not getting big play in the MSM. That is the guiding principle I have learned to use as a yardstick for measuring what I see, hear and read in the MSM. It has proven to be pretty accurate and hence […]

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