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(From Israel Business Arena)
Byline: Zeev Klein
During the past three months, economic activity shifted to a negative trend, along with a sharp drop in export of goods, import of investment goods and import of goods for private consumption. The volume of export of goods (excluding diamonds) fell during the past two months by an annualized rate of 5%, after a rapid 12% rise in the March-May period, and industrial export fell by 5.4%, according to Central Bureau of Statistics data on economic activity in May-July 2004, published today.
According to the report, medium-low technology industrial exports, comprising one-fifth of total industrial exports, …