Monday, February 14, 2005

Cars, Cars, Cars. It's all about the cars!

An Arutz-7 lead story today "Israeli Economy Leaps by 4.2% in 2004" proves exactly what I've been ranting about. As cars go so does the economy. And could you imagine this is with Israel making it harder to buy a new car. What if they actually made it easier?

The Israeli economy grew by a robust 4.2% in 2004, according to data released today by the Central Bureau of Statistics.

Fueling the growth in GDP (Gross Domestic Product) were exports of goods and services, climbing at a 14.3% annual rate. Private consumption also rose by a 4.3% over the past year, pushing per capita consumption of many consumer goods up by a substantial 2.6%. The last quarter of 2004 showed large jump of 7% in private, per capita consumption.

Leading the way in that category were new car sales, up by 24.2% for the year, continuing the trend of the last half of 2003, when new car sales skyrocketed by 58.4%


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