Industrial production in Israel surged 11 percent year-on-year in August of 2020, following a downwardly revised 2 percent rise in the prior month. It was the strongest growth in industrial activity since September of 2019 as the economy gradually recovers from the pandemic crisis. Mining output continued to advance solidly (40.4 percent vs 36.6 percent in July) while manufacturing activity rebounded sharply (6.5 percent vs -2.7 percent). On a seasonally adjusted monthly basis, industrial production went up 0.1 percent, following a 1.3 percent decrease in the prior month.
Industrial Production in Israel averaged 5.62 percent from 1960 until 2020, 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. This page provides the latest reported value for - Israel Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Israel Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Industrial Production in Israel is expected to be 4.50 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 4.50 in 12 months time. In the long-term, the Israel Industrial Production is projected to trend around 4.50 percent in 2021, according to our econometric models.