Globes: GDP growth rate in Q2 beats expectations
Published on Aug 16 2012 // Business and Financial News, Economy
16 August 12 13:24–Israel’s GDP rose by an annualized 3.2% in constant prices in the second quarter of 2012, the Central Bureau of Statistics reported today, far above the analysts’ forecasts of 2.5% growth. The growth rate was higher than the annualized 2.8% growth in the first quarter and 3.1% growth in the fourth quarter of 2011.
Most surprising was an annualized 10.3% increase in exports of goods and services, and annualized 5.4% growth in private consumption. Public consumption rose by an annualized 1.8%, but investment in fixed assets fell by 1.1%…Read More>>
