(From Israel Business Arena)
Byline: Zeev Klein
The State of the Economy Index rose only 0.1% in April, compared with an average monthly rise of 0.25% in January-March, according to figures published today by the Bank of Israel.
The rise in the March index was revised from 0.5% in the previous report to 0.4% in the current report.
The Bank of Israel research department notes that the small increase in April reflects continued expansion in the economy, but at a slower pace than in the five preceding months.
The department stated that declines in the import and export index components kept the rise in the index moderate, while …