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(From Israel Business Arena)
Byline: Hadas Manor
Industrial exports, excluding diamonds, rose 1.5% in real terms to $4.8 billion in the first quarter of 2003, according to figures published today by the Manufacturers Association of Israel Economy Division. Israel Export Institute chairman Shraga Brosh today predicted that exports would continue rising slowly in the coming months. Brosh cited the positive effect of the end of the war in Iraq on the global economy, especially in the US.
Brosh noted that a long-term shekel appreciation would harm exports in the future by reducing profitability, particularly to countries where exports are …