Publish date:

December exports up 1% after yearlong decline

Technology sector grew annualized 15%

The Central Bureau of Statistics today published some encouraging economic indicators.

After a yearlong decline, export in December 2001 grew by 1%. This follows November's 4% drop. In October, exports shrank 10%, and between January and September 2001 monthly exports dropped by 11% to 26%.

The December rise is related to a 15% increase in annualized terms in exports by the technology sector.

Retail sales rose 4% in November, after increasing 2% to 3% between September and October.

TheStreet Recommends

Revenue from tourism continued to substantially drop.

The industrial production index in November dropped 1% in annualized terms, compared with a 3% drop in October, a drop of 7% in September, and a drop of 9% to 13% between January and August 2001.