Unlike the USA, Israel's shopping malls are chock full this summer despite the global recession. The Eastern Kfar-Saba newly opened "G" mall is packed with shoppers on a daily basis and impatient patrons wait for empty tables at G's trendy cafes.
And yet, Dun & Bradstreet economists have the gloom and doom -- they're predicting a drop in Israel's ice cream sales for the summer of 2009.
According to estimates, ice cream sales will range between NIS 950 million (about $245 million) and NIS 1 billion ($257 million) – a slight drop in sales compared to last year.You may not know it, but Israelis are a huge consumer of ice cream, and in the past decade, Israeli ice-cream consumption has gone up a blistering 420% -- and during summertime, Israelis consume an average of 20 million liters of ice cream.
According to sources in the ice cream industry, the recession in the economy will have an effect on the ice cream market, prompting the Israeli consumer to buy less prestigious ice cream brands and raise the demand for simpler products. (YNET)
I'd better quickly dig up some better news -- as it doesn't get more depressing than this.
Wherever I am, my blog turns towards Eretz Yisrael טובה הארץ מאד מאד