Industrial production in Israel rose 2.0 percent year-on-year in December of 2018, recovering from an downwardly revised -2.9 percent decline in the previous month. On a seasonally adjusted monthly basis, industrial activity went up 0.1 percent, rebounding from an upwardly revised -3.0 percent drop in November. Industrial Production in Israel averaged 5.69 percent from 1960 until 2018, reaching an all time high of 62.70 percent in June of 1968 and a record low of -29.20 percent in June of 1967.
Industrial Production in Israel is expected to be 4.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Israel to stand at 3.80 in 12 months time. In the long-term, the Israel Industrial Production is projected to trend around 4.50 percent in 2020, according to our econometric models.