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||0.98||-1.69 %||Jan 01|
|Exchange Rate||3.46||-0.37 %||Dec 31|
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January 16, 2020
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), fell to 51.8 in December from 52.8 in November, but remained above the neutral 50-mark separating expansion from contraction in the manufacturing sector.
January 15, 2020
Consumer prices were flat in December over the prior month, following November’s 0.4% decline.
January 13, 2020
Merchandise exports fell 2.5% in December in USD terms, following November’s revised 0.4% expansion (previously reported: -1.0% year-on-year).
January 12, 2020
Confidence among Israeli households improved from minus 14 in November to minus 10 in December.
January 9, 2020
At its 9 January meeting, the Monetary Committee of the Bank of Israel (BoI) kept the key interest rate unchanged at 0.25%, in line with market expectations. The Bank decided to stay put despite stubbornly low inflation—which was well below the BoI’s 1.0%-3.0% target range for the sixth straight month in November amid a strong currency and low oil prices.