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||2.50||-1.69 %||Dec 11|
|Exchange Rate||3.75||-0.37 %||Dec 11|
|Stock Market||1,440||-0.91 %||Dec 11|
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Israel: Bank of Israel raises monetary policy rate for the first time in over seven years in November
November 26, 2018
On 26 November, the Monetary Committee of the Bank of Israel raised its interest rate by 15 basis points to 0.25%.
November 21, 2018
The Bank of Israel’s Composite State of the Economy Index increased 0.28% over the previous month in October, edging up from a revised 0.25% expansion in September (previously reported: +0.26% month-on-month).
November 19, 2018
The Purchasing Managers’ Index (PMI)—produced by Bank Hapoalim together with the Israeli Purchasing & Logistics Mangers Association (IPLMA)—rose to 52.7 in October from 50.0 in September.
November 18, 2018
A first estimate of national accounts data for the third quarter, released by the Central Bureau of Statistics (CBS) on 18 November, showed that the economy accelerated from Q2’s revised 1.2% quarter-on-quarter expansion at a seasonally-adjusted annualized rate (SAAR) to 2.3% in Q3.
November 15, 2018
Consumer prices rose 0.3% over the previous month in October, accelerating from September’s 0.1% increase.