RTTNews - Israel's index of leading economic indicators, reflecting the state of the economy, grew 0.2% in June, a preliminary report by the Bank of Israel said Sunday. This is the first rise in the index since July last year and comes after a 0.3% fall May, revised from a 0.5% decline reported initially.

The central bank said the rise was mainly due to improvement in the foreign trade index.

However, the central bank noted that it was too early to assess whether the increase marked the turning point of the business cycle.

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