Industrial production in Israel went up 7.4 percent year-on-year in July of 2019, following a downwardly revised 1.8 percent gain in the previous month. It was the biggest increase since October of 2018, as manufacturing output advanced faster (8.9 percent vs 1.7 percent in June). Meanwhile, mining & quarrying production fell (-3.2 percent vs 2.1 percent). On a monthly basis, industrial output rose 4.5 percent, rebounding from a 0.2 percent drop in June. Industrial Production in Israel averaged 5.66 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.