A joint survey by the Central Bureau of Statistics and the Bank of Israel found that 18% of Israeli companies reported a negative impact from the shekel's depreciation in June, while only 3% reported a positive impact. In the hi-tech and finance sectors, one in two businesses reported harm.
A new survey by the Central Bureau of Statistics and the Bank of Israel, reported by N12, indicates that the shekel's depreciation in June has had a notable negative impact on Israeli businesses. The hi-tech and finance sectors were particularly affected, with half of businesses reporting harm. The findings come amid ongoing economic uncertainty; earlier this month, the Manufacturers Association warned of factory closures due to the shekel's appreciation (The Zioneer, June 9). The survey highlights the divergent effects of currency fluctuations across different sectors.
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
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