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(From Israel Business Arena)
Byline: Zeev Klein
The recovery in economic activity is continuing, with further growth in exports and private consumption. Exports, excluding diamonds, rose by an annualized 12% in November-December 2004, after rising by an annualized 14-18% in May-October, the Central Bureau of Statistics reported yesterday. Private consumption rose by an annualized 4% in September-November 2004, after rising by an annualized 5% in June-August.
Some indicators are showing slower growth. Sales in retail chains and stores, which account for a quarter of all retail sales, were flat in December, after rising by an annualized 2% in …