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
|Industrial Production (annual variation in %)||0.5||1.2||2.2||1.7||3.7|
5 years of economic forecasts for more than 30 economic indicators.
Israel Industry Chart
Source: Central Bureau of Statistics
|Bond Yield||2.46||-1.69 %||Oct 18|
|Exchange Rate||3.65||-0.37 %||Oct 18|
|Stock Market||1,463||-0.91 %||Oct 18|
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October 8, 2018
The Bank of Israel’s Composite State of the Economy Index grew 0.36% month-on-month in August.
October 8, 2018
On 8 October, the Monetary Committee of the Bank of Israel stood pat and kept its interest rate steady at the historic low of 0.10%, where it has been since February 2015. The decision, widely expected by market analysts, came on the back of a largely unchanged inflation outlook “despite slightly lower than expected recent CPI readings”.
September 20, 2018
Business conditions in Israel continued to improve midway through the third quarter, albeit at a softer pace, as the Purchasing Managers’ Index (PMI)—produced by Bank Hapoalim together with the Israeli Purchasing & Logistics Mangers Association (IPLMA)—fell to 50.4 points in August from 58.0 points in July. August’s print largely reflected a sharp contraction in foreign orders, as well as slower growth in domestic orders and output.
September 19, 2018
In August, confidence among consumers deteriorated while firms became more optimistic. Data released by the Central Bureau of Statistics (CBS) showed that consumer confidence dropped from minus 8.0 points in July to minus 12.9 points in August.
September 17, 2018
Israeli exports contracted 0.8% in August over the same month a year ago in USD terms, contrasting July’s revised 5.1% expansion (previously reported: +7.9% year-on-year).