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 | 2.10 | -1.69 % | Feb 20 |
| Exchange Rate | 3.62 | -0.37 % | Feb 20 |
| Stock Market | 1,436 | -0.91 % | Feb 20 |
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Economic News
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February 17, 2019
According to the first reading of national accounts data, which was released on 17 February by the Central Bureau of Statistics, the economy accelerated in the fourth quarter.
Israel: Inflation returns to the Central Bank’s target range in January
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January 27, 2019
The Bank of Israel’s Composite State of the Economy Index increased 0.24% over the prior month in December, just below a downwardly revised 0.26% expansion in November (previously reported: +0.32% month-on-month).
Israel: Business conditions improve at the quickest rate in five months in December
January 20, 2019
Israel’s manufacturing sector ended 2018 on a high note as the Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Mangers Association (IPLMA) rose from 53.7 in November to 57.0 in December, the highest value in five months.
Israel: Trade deficit widens as exports contract at a sharper pace in December
January 20, 2019
In December, exports contracted 6.6% year-on-year in USD terms, a sharper drop than the revised 4.0% drop in November (previously reported: -6.7% year-on-year).
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