Industrial output in Israel rose 2.4 percent year-on-year in June of 2019, following a downwardly revised 1.8 percent fall in the previous month, as manufacturing output rebounded (2.5 percent vs -0.6 percent in May). On a monthly basis, industrial output went down 0.2 percent, following a 0.7 percent drop in May. Industrial Production in Israel averaged 5.66 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 2.70 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.