Israel's economy grew at an annualised rate of 4 percent in the second quarter, faster than previously thought and its strongest pace since late 2014, driven by a rebound in exports, the Central Bureau of Statistics said on Sunday in its second estimate. In a preliminary estimate last month the bureau said gross domestic product grew an annualised 3.7 percent in the April-June period, above expectations of 2.6 percent in a Reuters poll of economists.
Exports, which comprise about 32 percent of economic activity, had slumped the past two years due to a weak global economy and a strong shekel.
But they jumped 7.9 percent in the second quarter, higher than an initial estimate of 3.8 percent and the largest increase since the fourth quarter of 2013.