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 | 1.65 | -1.69 % | Jun 20 |
| Exchange Rate | 3.58 | -0.37 % | Jun 20 |
| Stock Market | 1,464 | -0.91 % | Jun 20 |
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Economic News
Israel: Economic activity weakens sharply in May; previous figures revised down
June 24, 2019
The Bank of Israel’s Composite State of the Economy Index rose 0.13% in May over the previous month, down from April’s revised 0.23% figure (previously reported: +0.28% mom).
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June 17, 2019
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), fell from 51.9 in April to 50.4 in May, but remained just above the neutral 50-point mark separating contraction from expansion in the manufacturing sector. The change in the headline figure was driven by a sharp contraction in domestic orders, while export orders continued to fall.
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June 14, 2019
Consumer prices rose 0.7% in May over the prior month, up from April’s 0.3% rise, amid notably higher prices for clothing and footwear, and food.
Israel: Consumer and business sentiment decline in May
June 12, 2019
Confidence among Israeli households worsened from minus 7 in April to minus 9 in May.
Israel: Exports and imports fall sharply in May
June 12, 2019
Merchandise exports contracted 8.5% year-on-year in May in USD terms, following a revised 13.0% decline in April (previously reported: -18.0% year-on-year).
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