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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IsraelIsrael Manufacturing Production MoM fell to -18.1% in March 2026
FMPMonthlyReleased May 2026
Israel Manufacturing Production MoM fell to -18.1% in March 2026, released May 2026, down 25.5% from February's 7.4% reading. The reading missed the -0.6% consensus by 17.5%. The print is running well below the 12-month average of 1.49%. Over the past 3 months, Manufacturing Production MoM averaged 4.77%, vs -2.0% in the prior 3-month window. Manufacturing Production MoM is now the lowest in 35 months.
Latest Release
-18.1
Actual
-0.6
Consensus
7.4
Previous
Median Absolute Error
±5.67 percentage points
across last 12 releases
Last Call
May 2026
Predicted: -0.15
Actual: -18.1
Error: +17.95
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.39 | COMMODITIES | Bearish XAU | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Bullish BTC | → 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 -18.1% in May 2026. This missed the market consensus of -0.6% by 17.5%. The reading fell from the previous value of 7.4%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged -1.23%, ranging from -18.1% to 10.3% across 10 releases.
WHY IT MATTERS
The trailing three releases averaged -6.57%, down from the prior three at 0.07%. Volatility over the past year (σ 8.2%) is higher than the prior year (σ 1.51%). In May readings over the past 3 years, Manufacturing Production MoM has averaged -5.28%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with BTC/USD, positively correlated (Bullish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 5.67%.
WHAT TO WATCH NEXT
The next release is scheduled for June 28, 2026.
Auto-generated from current model state · Refreshes on each release · Last update May 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 (Mar 2026): actual -18.1 %, consensus -0.6 %. Prior reading (Feb 2026): 5.8 %. Before that (Feb 2026): 5.8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.