In the shadow of the cost of living: a large increase in the turnover of businesses in Israel

by time news

Revenue indices for all industries according to VAT data – December 2021: There was an increase of 12.7% compared to 2020

In 2021, there was a 12.7% increase in revenue (business turnover resulting from the sale of products, the provision of services in Israel and the sale of fixed assets) in total industries compared to 2020. This is according to data published today (Monday) by the Central Bureau of Statistics.

The data also show that there was a 1.7% increase in revenue from manufacturing, mining and quarrying compared to 2020, along with a 13.9% increase in revenue from wholesale and retail trade and repair of motor vehicles compared to 2020.

October – December 2021 Compared to July – September 2021: Revenue of total industries was recorded at a rate of 3.4% on an annual basis, after an increase of 13.9%, along with an increase in the revenue of manufacturing, mining and quarrying at a rate of 6% on an annual basis after an increase of 12.1% .

At the same time, there was also an increase in the revenue of the wholesale and retail trade industries and the repair of motor vehicles by 0.5% on an annual basis, after an increase of 8.3%.

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