Industrial production in Jordan went up 2.0 percent year-on-year in March of 2019, following a 0.4 percent gain in the previous month. It was the highest industrial output growth since September 2017, as output advanced faster for manufacturing (1.8 percent vs 0.6 percent in February) and for electricity, gas, steam, and air conditioning supply (9.2 percent vs 5.4 percent). Meantime, mining & quarrying production fell at a softer pace (-1.1 percent vs -5.0 percent). On a monthly basis, industrial production jumped 2.9 percent, rebounding from a 7.3 percent drop in the prior month. Considering the first quarter of 2019, industrial output went down 0.4 percent. Industrial Production in Jordan averaged 2.40 percent from 1995 until 2019, reaching an all time high of 34.52 percent in December of 2001 and a record low of -22.94 percent in April of 2003.
Industrial Production in Jordan is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Jordan to stand at 1.50 in 12 months time. In the long-term, the Jordan Industrial Production is projected to trend around 2.30 percent in 2020, according to our econometric models.