Zim reported the following financial and operating highlights for the Three Months Ended September 30, 2019: Total revenues were $842.0 million compared to $840.7 million in Q3 2018, a 0.2% increase;ZIM carried 725 thousand TEUs compared to 730 thousand...
Israel was on its way to another high in terms of startup growth and funding, until COVID-19 hit. During the first quarter, Israeli high-tech firms raised $2.74 billion, in a total of 139 deals. This represents an increase of 76% from the...
The Central Bureau of Statistics reported very mixed results in the housing sector. Builders sold 5,750 new dwellings during the first three months of 2019, which represents a decrease of 11.4% from the last three months of 2018. However, that same number...
The unemployment rate in Israel is once again at its historically lowest rate — 3.7%.  The rate, which had gone up to 4.1% in July, and dropped back to 3.8% in August, went down to 3.7% in September. The only negative data...
A few weeks ago I wrote an article about how expensive food is in Israel. As part of that article, I gave examples of the price of cereal in the US vs Israel. Apparently, that price difference was not sufficient for Unilever...
Unemployment for those 15 and older dropped from 3.8% in the month of April to 3.6% in the month of May. For those aged 25-64, unemployment fell to 3.2%. This constitutes the lowest unemployment rate in the last forty years. These numbers...
New cars photo by kaysgeog A total of 158,000 cars were imported into Israel during the first half of 2019. This represents a drop of 3% from the first six months of 2019.  This decline continues a slow drop in the sale of...
Everyone talks about the enormous cost of just about everything in Tel Aviv (and in Israel, in general). So, as an experiment, I decided to compare prices in one very specific sector — i.e. American fast food. For many years, economists loved...
Mega Tel Aviv Last month, I did a price comparison between McDonald's in the United States and McDonald here in Israel. As we saw, Israeli prices are often twice, or more, than comparable items in the US McDonald’s.  This month,...
During the second quarter of 2019, the Shekel appreciated against the Dollar by 1.8%. The strengthening of the Shekel, which has extended to the Euro, is harming Israel’s exporters whose prices are all set in Dollars and whose costs are all in...