Amid Security Concerns, Israeli Businesses Thrive and Find New Opportunities
According to a recent report from the Central Bureau of Statistics, businesses in Israel are experiencing a decrease in the percentage citing Israel’s security situation as a significant impediment. This was particularly noticeable in the retail sector, where the percentage decreased more gradually than in the industry sector. At the end of Q2/2024, 17% of businesses in the industry sector and 11% in the retail sector reported security concerns as a major issue.
On the other hand, challenges for businesses entering new markets have increased over time, with 22% of hi-tech production companies facing such difficulties at Q2/2024 compared to 9% at the beginning of the year. Despite these challenges, overall net balances were positive for businesses across all sectors in June, indicating growth and stability.
Looking ahead, expectations for July were optimistic for most sectors except for construction and hotels. Sales increased in both the industry and service sectors between May and April while there was a slight decrease in retail sales during that same period. This data provides valuable insights into the current state of business environment in Israel and what companies are facing.
Overall, this data indicates that despite security concerns, businesses are still growing and finding opportunities for growth and stability.
