Tue 02 May 2023 12:54 pm - Jerusalem Time
Report: WB economy lags behing Gaza in April
The results of the PMA Business Cycle Index showed a decline in the overall index for Palestine, dropping to 13 points in April, compared to 14.9 points in March, as a result of the decline in the West Bank.
The Monetary Authority said that the overall index in the West Bank decreased from 17 points in March to 14.6 points in April, affected by the decline in the industry index (from 7.8 to 5.3), the agricultural index (from 4.9 to 3.1), and the renewable energy index (from 0.7 to 0.0). ), compared to an increase in the construction index (from 1.9 to 2.6), the trade index (from 1.5 to 2.2), and the transportation and storage index (from 0.0 to 1.5). While the Communications and Information Technology Index settled at -0.1 points.
In general, the owners of the targeted establishments in the West Bank reported a decrease in production levels, an increase in sales volume and inventory volume during this month, and their expectations regarding production and employment levels for the next three months were negative.
As for the overall index in the Gaza Strip, there was a slight improvement in the value of the index to 4.6 points in April compared to 4.4 points in March, due to the increase in the industry index (from 1.8 to 2.6) and the construction index (from -3.3 to -2.6), in addition to the increase in Trade index (from -5.7 to -3.5).
On the other hand, the agriculture index decreased (from 13.2 to 9.6), the renewable energy index stabilized at -1.6 points, the transport and storage index stabilized at 0.4 points, and the communications and information technology index stabilized at -0.2 points.
The owners of the targeted establishments in the Gaza Strip reported an increase in production and sales levels, and a decrease in the volume of inventory during the current month. As for their expectations regarding production and employment levels for the next three months, they were negative.