Companies / Israel
Long-Term Industry Outlook Improves
December 2006 | BMI ViewIsrael's sales growth forecast for 2006 has been raised from 3.8% to 5.5%, in BMI's latest Israel Automotives Report due to a robust recovery in the car market in September and October. In the January-November period, new vehicle sales rose 6% y-o-y to 138,915 units. Israel's economy expanded robustly in H106 at 5.7% y-o-y. However, BMI has cut its 2006 growth forecast by just under one percentage point, from 4.7% to 3.8% due to the Israel-Lebanon War. The war will continue to weigh on the economy in 2007, by adding to the fiscal deficit and posing risks to tourism
Sorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Middle East & Africa Automotives Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Middle East & Africa Automotives Insight please click on the trial link below.



