Industrial production in Jordan decreased 1.1 percent year-on-year in June of 2019, following a revised 0.1 percent fall in the previous month. It was the third straight month of contraction in industrial activity as manufacturing output continued to decline (-2.4 percent vs -0.7 percent in May). On the other hand, mining & quarrying production advanced faster (8.9 percent vs 7.3 percent) while electricity, gas, steam and air conditioning supply rebounded (6.0 percent vs -1.2 percent). On a monthly basis, industrial production dropped 0.5 percent, after increasing 3.2 percent in the prior month. Industrial Production in Jordan averaged 2.37 percent from 1995 until 2019, reaching an all time high of 34.52 percent in December of 2001 and a record low of -22.94 percent in April of 2003.
Industrial Production in Jordan is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Jordan to stand at 1.70 in 12 months time. In the long-term, the Jordan Industrial Production is projected to trend around 2.30 percent in 2020, according to our econometric models.