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Bureau Blames Excess Consumption for Increased Trade Deficit in 1969

The central bureau of statistics reported that Israel’s trade deficit increased during 1969 because of an excess of demand over output. Internal demands for all purposes, including government outlays and investments rose by 14 percent, offsetting a slight per capita edge of production over consumption. Private consumption per capita increased nine percent in 1969 while per capita output rose by 9.5 percent.