Industrial production in Israel eased to 6.4 percent year-on-year in May of 2021, following an upwardly revised 31.2 percent growth in the previous month which was the highest increase in output since October 2006. Production rose at a softer pace for both manufacturing (2.9 percent vs 29.8 percent in April) and mining & quarrying (29.8 percent vs 39.3 percent). On a seasonally adjusted monthly basis, industrial production declined 1.9 percent, followed by a 0.7 drop in the prior month. source: Central Bureau of Statistics, Israel
Industrial Production in Israel averaged 5.68 percent from 1960 until 2021, 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 August of 2021.
Industrial Production in Israel is expected to be 5.50 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 3.30 in 12 months time. In the long-term, the Israel Industrial Production is projected to trend around 4.50 percent in 2022, according to our econometric models.