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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IsraelIsrael Manufacturing Production MoM fell to -6.2% in May 2026
FMPMonthlyReleased July 2026
Israel Manufacturing Production MoM fell to -6.2% in May 2026, released July 2026, down 36.0% from April's 29.8% reading. The print exceeded the -17.0% consensus by 10.8%. The print is running well below the 12-month average of 2.41%. Over the past 3 months, Manufacturing Production MoM averaged 5.83%, vs -0.8% in the prior 3-month window. The reading is in the 10th percentile of the trailing 24-month range.
Latest Release
-6.2
Actual
-17
Consensus
29.8
Previous
Median Absolute Error
±7.36 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: -14.05
Actual: -6.2
Error: -7.85
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Moves against | → View |
| GBP/USD | ▲ Direct | +0.26 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Manufacturing Production MoM (Israel) was reported at -6.2% in July 2026. This beat the market consensus of -17% by 10.8%. The reading fell from the previous value of 29.8%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 0.38%, ranging from -18.1% to 29.8% across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 1.83%, up from the prior three at -0.43%. Volatility over the past year (σ 12.48%) is higher than the prior year (σ 2.38%). In July readings over the past 3 years, Manufacturing Production MoM has averaged 0.83%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bearish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 7.36%.
WHAT TO WATCH NEXT
The next release is scheduled for August 27, 2026.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Manufacturing Production MoM - IL
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About Manufacturing Production MoM — Israel
DEFINITION
Manufacturing Production MoM (Month-over-Month) is a key economic indicator that measures the change in the total output of goods produced by the manufacturing sector in a given month. This indicator provides valuable insights into the health and performance of the manufacturing industry, which is a crucial component of a country's overall economic growth. A positive change in Manufacturing Production MoM indicates an increase in production and can be seen as a sign of economic expansion, while a negative change may signal a decline in manufacturing activity. This indicator is closely monitored by investors, policymakers, and analysts to make informed decisions and forecasts about the state of the economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual -6.2 %, consensus -17 %. Prior reading (Apr 2026): 29.8 %. Before that (Mar 2026): -18.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection.
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EXPECTED ZONE
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