Industrial production in Palestine was flat compared to a year earlier in November 2018, after a 3.4 percent fall in the previous month. On a monthly basis, industrial output increased 2.4 percent, following a 3.1 percent drop in October, as output of mining & quarrying rebounded (18.4 percent from -12.3 percent). Additionally, production rose for electricity, gas, steam & air conditioning supply (19.5 percent from 2.9 percent) and water supply, sewerage, waste management and remediation activities (5.9 percent from 12.5 percent). On the other hand, output continued to decline for manufacturing (-0.1 percent from -3 percent in October). Industrial Production in Palestine averaged 1.05 percent from 2012 until 2018, reaching an all time high of 35.72 percent in December of 2014 and a record low of -22.87 percent in July of 2014.
Industrial Production in Palestine is expected to be 0.71 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Palestine to stand at 0.23 in 12 months time. In the long-term, the Palestine Industrial Production is projected to trend around 0.25 percent in 2020, according to our econometric models.