Industrial production in Jordan decreased 4.2 percent year-on-year in September of 2018, following an 8.8 percent fall in the previous month. It was the smallest contraction in industrial activity since January, as output declined less for manufacturing (-4.8 percent from -9.9 percent in August), particularly paper & paper products (-1 percent from -14.4 percent); refined petroleum products (-3 percent from -17.2 percent); rubber & plastic products (-2.8 percent from -4.5 percent) and pharmaceuticals, medicinal chemical & botanical products (-6.1 percent from -7.1 percent). Additionally, production of electricity, gas, steam & air conditioning fell 1 percent, compared to a 7.5 percent drop in August. On the other hand, output for mining & quarrying went down 0.3 percent, after a 3.4 percent rise in the prior month. On a monthly basis, industrial output decreased 0.9 percent, down from a 0.6 percent gain in August. Industrial Production in Jordan averaged 2.51 percent from 1995 until 2018, 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 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Jordan to stand at 0.30 in 12 months time. In the long-term, the Jordan Industrial Production is projected to trend around 1.00 percent in 2020, according to our econometric models.