Economic journalist Lior Bakalo reports that 18% of Israeli companies were negatively affected by the shekel's depreciation in June, according to a joint survey by the Central Bureau of Statistics and the Bank of Israel. Only 3% reported a positive impact. In the hi-tech and finance sectors, one in two businesses reported harm.
The data, published by economic journalist Lior Bakalo, comes from a joint survey by the Central Bureau of Statistics and the Bank of Israel covering June. The findings align with earlier reporting by The Zioneer (13:17 Jerusalem), which also highlighted the disproportionate impact on hi-tech and finance. The shekel depreciation has been a persistent concern for Israeli exporters and the broader economy, with manufacturers warning of closures earlier this week.
2 developments
- DevelopingManufacturers warn of closures as shekel strengthens, demand govt action
- StrongShekel strengthens as Bank of Israel fixes dollar at 2.907 after technical glitch fix
- DevelopingSmotrich orders team to address Shekel's impact on high-tech
- DevelopingIsrael's deficit drops to 3.3% in June, lowest in 2.5 years
Source and signal
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