Industry in Israel
Israel - Industry
Industrial production skyrockets in September due to base effect
In September, industrial production expanded a seasonally-adjusted 2.0% over the previous month. The reading was significantly below the revised 4.7% expansion tallied in August (previously reported: +3.9%).
On an annual basis, industrial production expanded 19.4% in September mainly due to a base effect. September’s annual reading was far above the 6.4% recorded in the previous month and marked the highest reading since May 2010. As a result of the annual increase, annual average variation in industrial production jumped from 1.2% in August to 3.3% in September and now stands at the highest level since April 2013.
FocusEconomics Consensus Forecast panelists expect industrial production to expand 1.0% in 2014, which is unchanged from last month’s forecast. For 2015, participants expect industrial output to increase 3.9%, which is also unchanged from last month’s projection.
Israel - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 0.5 | 1.2 | 2.2 | 1.7 | 3.7 |
Israel Industry Chart
Source: Central Bureau of Statistics
Israel Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.50 | -1.69 % | Dec 11 |
| Exchange Rate | 3.75 | -0.37 % | Dec 11 |
| Stock Market | 1,440 | -0.91 % | Dec 11 |
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Economic News
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Consumer prices rose 0.3% over the previous month in October, accelerating from September’s 0.1% increase.
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