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(From Israel Business Arena)
Byline: Zeev Klein
The Bank of Israel State of Economy index indicates further improvement in economic activity. The State of Economy index rose 0.1% in December, to complete a cumulative 1.1% increase in September-December, the Bank of Israel announced today.
The State of Economy index rose 4.6% in 2004, compared with 1.5% in 2003. The index indicates that overall economic activity rose a higher 5.9%, and business output rose 6%.
The Bank of Israel revised the rise in State of Economy index for September-December upwards by 0.3% to 1%, from 0.7% in the previous report.
The State of Economy index rose …