Main reports: In Q3 2014 Palestinian quarterly GDP was 7.4% lower than in Q3 2013. In the West Bank it increased by 1.5% year-on-year, while in Gaza it was 31.8% lower.
In Q4 2014 total unemployment in Palestine was 26.2%, an increase of 1.3% from Q4 2013. Unemployment in Gaza stood at 42.8%.
The Palestine Monetary Authority Business Cycle Indicator, reflecting the evolution of the business environment in Palestine, returned to a positive state for the first time since June 2014. This continued a trend of gradual improvement from the all-time low reached in September 2014.
The Israel Electric Company announced plans to reduce electricity supplies to the West Bank due to mounting debts owed by the Palestinian National Authority.
The Al-Quds Index declined 2% in January, reversing some of the gains experienced towards the end of 2014.