Israeli economy bolstered by increased exports, investments in 3rd quarter

Israel shekel coins. Credit: Wikimedia Commons.

( Israel’s economy grew 2.5 percent due to an increase in exports and investments in the third quarter of 2015, newly released data revealed on Monday.

By comparison, the Israeli GDP in the year’s second quarter—from April to June—had grown just 0.2 percent, according to the country’s Central Bureau of Statistics (CBS). The CBS said that Israel’s annual inflation fell to -0.9 in October from -0.5 percent in September, and has been consistently in the negative for 14 straight months. The bureau had initially predicted that Israeli economic growth would be 2.5 percent for the entire year in 2015.

Private spending in Israel grew 2.4 percent in the third quarter of this year. Exports, which represent 35-40 percent of Israel’s economy, grew 4.4 percent in the July-September quarter.

Posted on November 17, 2015 .