Industrial production in Palestine rose 0.9 percent year-on-year in September 2018, recovering from a 17.9 percent slump in the previous month. On a monthly basis, industrial output climbed 7.7 percent, following a 2.4 percent drop in August, boosted by a rebound in manufacturing (8.2 percent from -2.9 percent in August) and a jump in mining & quarrying (15.4 percent from 11.5 percent). Meanwhile, output fell for both water supply, sewerage, waste management and remediation activities (-4.9 percent from -22.7 percent), and electricity, gas, steam & air conditioning supply (-1.8 percent from 18 percent). Industrial Production in Palestine averaged 1.12 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 0.40 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 0.19 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.