Economic growth in Israel continues in Q4 2010

Port2port News Servic
Feb 14, 2011

The CBS noted that fourth quarter saw a 60% rise in tourist stays in Israeli hotels. However, that recent events in the Middle, particularly in Egypt may affect the positive figures

According to data released last week by the Central Bureau of Statistics (CBS), Israel's economic growth continued in the fourth quarter of 2010. The CBS noted, however, that recent events in the Middle East in general and in Egypt in particular may affect the positive figures from now on.

The CBS noted that fourth quarter saw a 60% rise in tourist stays in Israeli hotels, following a 10% rise in the third quarter.

An increase was also recorded in the import of raw materials, the import of investment and consumption products, industrial exports (5.9%, compared to a 7.8% drop in the previous quarter), exports of goods (6.6%) and credit card purchases, while industrial productions decreased.