Industrial production in Israel increased 0.5 percent year-on-year in May 2019, easing from a downwardly revised 4.0 percent rise in the previous month. It was the lowest expansion in industrial output since November 2018, as manufacturing output advanced at a softer pace (2.1 percent vs 6.1 percent in April). On a monthly basis, industrial output dropped 0.3 percent, after a 2.3 percent gain in the previous month. Industrial Production in Israel averaged 5.67 percent from 1960 until 2019, reaching an all time high of 62.70 percent in June of 1968 and a record low of -29.20 percent in June of 1967.
Industrial Production in Israel is expected to be 2.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Israel to stand at 3.80 in 12 months time. In the long-term, the Israel Industrial Production is projected to trend around 4.50 percent in 2020, according to our econometric models.