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(From Israel Business Arena)
Byline: Zeev Klein
The economy is picking up speed, growing more quickly than forecast. Industrial output rose by an annualized 9.9% in September-November 2004, after rising by an annualized 9.8% in June-August, and 8.7% in March-May, the Central Bureau of Statistics reported today.
Proceeds in industry in fixed prices will show a rise of 7% for 2004 as a whole, similar to the rise in 2003. Industrial exports, which account for about 40% of total industrial proceeds, are expected to rise 20%, while domestic sales are expected to rise by up to 2%.
High-tech exports are expected to rise by 24% and domestic …