Industry in Jordan
Jordan - IndustryThe economy remains weak in 2018. Industrial production in January–September decreased compared to the same period a year earlier, primarily due to a shrinking manufacturing industry. Furthermore, although the merchandise trade deficit narrowed in January–September, this was largely due to fewer imports of machines and machinery parts, which also masked a substantial increase in oil imports on the back of higher prices. More positively, the first Ryanair flight landed in Jordan on 30 October, highlighting a growing trend of low-cost European airlines expanding operations to the country. Meanwhile, on 18 November, the lower house of parliament approved long-awaited income tax hikes. The IMF-backed bill should help reduce the fiscal deficit going forward, although it still requires the approval of the upper house.
Jordan - Industry Data
|Industrial Production (annual variation in %)||1.6||1.7||0.9||-2.1||-0.7|
5 years of economic forecasts for more than 30 economic indicators.
Jordan Industry Chart
Source: Department of Statistics Jordan.
|Exchange Rate||0.71||0.0 %||Oct 31|
|Stock Market||3,704||0.08 %||Nov 29|
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