Israel's industrial output up 1.7% in November

Port2port News Service
Feb 1,  2013

High tech led a 3.8% annualized increase in industrial production during September and November.

The Central Bureau of Statistics (CBS) reported last week that Israel's industrial production rose by a seasonally adjusted 1.7% in November, boosted by a jump in high-tech output, after a 1.4% decrease in October.

According to the CBS high tech led a 3.8% annualized increase in industrial production during September and November. 
Manufacturing of high-tech products grew at an annualized 10.9%, while that of lower-tech goods edged higher at rates of between 0.4% and 0.7%. Production of traditional goods slumped 6.7%
 
 
The CBS noted that it was the first rise in factory output after two months of declines. Production rose at an annual rate of 3.8% based on trend data between September and November. 
 
In 2011, factory output rose 2%, slower than a 7.8% gain in 2010. 
Industrial output in October was initially reported as a 1.5% decline
 
Production rose at an annual rate of 3.8% based on trend data between September and November. In 2011, factory output rose 2%, slower than a 7.8% gain in 2010. Industrial output in October was initially reported as a 1.5% decline.

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