Israel's consumers are shopping again.
Supermarket chains posted food sales gains, too. Sales for the April 2005 through June 2005 were up 7.8 percent calculated on an annualized basis. Sales for the July 2005 through September 2005 period rose also, but not as much-only an annualized 2.6 percent. The reason for the slower growth in the more recent period is that Israeli consumers shop the local markets for fresh fruits and vegetables during the period because prices for these commodities are lower there.
Although security fears are generally not as pronounced as they had been, Globes pointed out that the Central Bureau of Statistics numbers indicated a slight drop in chain sales, which the website blamed on recent bombings and threats of more violence.
A separate Globes posting said that Israel's unemployment stayed at 9.1 percent for the seventh straight month. The government is predicting a decline to 8.5 percent.
|Printer friendly Cite/link Email Feedback|
|Publication:||Market Africa Mid-East|
|Article Type:||Brief Article|
|Date:||Nov 1, 2005|
|Previous Article:||Saudi Arabia's carbonated soft drink market.|
|Next Article:||Namibia has inflation concerns.|
|Clash by night over sorbets and yogurt: most Israelis don't know what they are!|
|CONSUMER POWER IN SOUTH AFRICA.|
|ARABS-ISRAEL - Mar 20 - Israel Briefly Reopens Gaza Crossing.|