Industrial production in Israel increased 3.3 percent year-on-year in January of 2019, accelerating from a downwardly revised 0.9 percent rise in the previous month. On a seasonally adjusted monthly basis, industrial activity went up 4.9 percent, rebounding from a downwardly revised 0.2 percent drop in December. Industrial Production in Israel averaged 5.69 percent from 1960 until 2019, 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.