Industry Turnover
Up In '93
Turnover at industries rose an
estimated five percent to 6 per-
cent last year to $8.5 billion, the
Manufacturers Association re-
ported last week.
The increase was registered
despite an almost 15 percent
drop in turnover in the building
supplies sector, industry's
largest component.
Building supplies sales fell to
about $1.5 billion from $1.75 bil-
February
Export sales
for general industry
are expected to
increase about
8 percent.
investment-
. Twenty percerf
aking key buyip4
Considering t
cream of the
lion due to the closure of the ter-
ritories last year and a drop in
private building, the association
said.
Export sales for general in-
dustry are expected to increase
about 8 percent to $737 million
from $682.9 million. Sales for
the local market are expected to
decrease 1 percent to $7.8 bil-
lion.
Imports, however, also in-
creased, by about 3.5 percent to
$1.53 billion, said Yehiel Teitle-
baum, chairman of the associa-
tion's general industry division.
Mr. Teitlebaum said the as-
sociation's figures are based on
company forecasts and will not
be final for a few months.
cent of Jewish News subscribers
hen's the last time you had a
me a vertiitig information. According
e Jewish News.
ark
cation
Companies
Report Growth
The economy continued to grow
in the fourth quarter of 1993,
judging by the Bank of Israel's
company survey published last
week.
Most of the 650 industrial and
trading companies which par-
ticipated in the survey expected
the positive trend to continue
into the current quarter.
The general expansionary
trend extended across all sectors,
with the exception of communi-
cations. The degree of growth in
industrial output and construc-
tion work was especially pro-
nounced.
About half the industrial com-
panies surveyed reported growth
in output, sales and exports, as
well as increased utilization of
plant and equipment. However,
employee numbers remained
static.
Rapid growth in export sales
were registered in the electron-
ics, electrical and vehicle sectors,
as well as in chemicals, rubber
and plastics. ❑
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