Israel's Strong Shekel Hurts 18% of Businesses, Especially High-Tech and Finance Sectors
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
First reported by Globes · 3 hours ago
What happened
A June survey by Israel's Central Bureau of Statistics and Bank of Israel found that 18% of businesses suffered significant harm from the shekel's appreciation against the dollar, especially in high-tech and finance sectors. The impact extended to nearly half a million employees, with many firms absorbing losses or raising prices. Only a small fraction used financial hedging, mostly larger companies, while price effects appeared rapidly in affected sectors.
- 0118% of Israeli businesses report significant harm from the shekel's appreciation against the dollar.
- 02High-tech and finance sectors are hardest hit, with 49% of firms affected.
- 03One-third of harmed businesses have little or no export activity, showing indirect economic effects.
- 0434% of affected companies absorb losses via reduced profit margins; 19% raise prices.
- 05Only 7% of harmed firms use financial hedging, mainly large companies.
- 06Price changes due to exchange rate shifts appear within three months for most affected firms.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
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