Trade data for July and January-July 2017

August 15, 2017
Bottom line: The July trade data suggest grounds for concern, which may be specific to the pharma sector or perhaps be wider. Whether measured by ‘original data’ or seasonally adjusted data, goods trade in July generated the largest monthly deficit of the year to date. On the other hand, the cumulative data for January-July present a much more stable picture. Developments in the next few months should be watched carefully.

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Services exports data for February 2017

1st May 2017 Bottom line: Export services, the key sector of Israeli exports and the main driver of long-term economic growth, continue to post solid gains in almost all areas, including tourism and passenger transportation as well as high-tech. Sales of start-up companies fell sharply from the record level reached in January and were slightly below that of February 2016.

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Trade data for January-March 2017

30-04-17 Bottom line: The overall trade data for January-March paint a picture of relative stability — but this is misleading. First, March saw a significant improvement, after the deficit widened sharply in January-February. Second, imports would have fallen had it not been for a massive increase in fuel imports. Third — and perhaps most important — high-tech exports are rising […]

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