BMI View: All the freight modes will witness positive growth in 2017 with road and rail leading the way,with annual gains above 4%. The Israeli economy continues to boast strong fundamentals, underpinningour positive outlook for the country and, by extension, the Israeli freight industry. Exports returned togrowth in the second half of 2016, and we expect this to continue to be the case over the coming quarters,amid the strong performance of key sectors including chemicals and medical equipment.
Key Updates And Forecasts
The first half of 2017 saw Israeli exports grow by 6% - welcome news for the freight industry - with thevalue of exports in this period coming in at USD50bn, Globes reported in August 2017. The figures werecompiled by the Israel Export and International Cooperation Institute, with diamonds performing well inH1 2017, as well as industrial exports. The Institute's chairman, Ramzi Gabbay, stated: 'In our opinion, asignificant recovery in exports of electronic components towards the end of the year and 2018 is likely.
The trend in exports in all the other industrial sectors was positive in the early months of the year, withfine growth, compared with the corresponding period last year.'
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