18.08.201011:25:00UTC+00Israel's Industrial Output Drops In June

Israel's industrial output decreased in June from the previous month, a report by the Central Bureau of Statistics showed on Wednesday.

Industrial production dropped a seasonally adjusted 0.9% on a monthly basis in June, in contrast to a 0.1% growth in the previous month. This was the first decline since November 2009. A year earlier, production increased 2.2%.

In the April to June period, industrial output increased 14.3% compared to the previous year.

Israel's economy expanded at a faster pace in the second quarter. The gross domestic product increased to 4.7% annually in the second quarter from a 3.6% growth in the previous quarter. The nation's inflation rate eased in July. The consumer price index rose 1.8% year-on-year in July, but slower than 2.4% in the previous month.

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