Israel’s manufacturing production decreased significantly to 5.5% from the previous 10.5%, marking a 5 percentage point drop. This decline indicates a slowdown in manufacturing activity compared to the previous period.
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The actual manufacturing production figure of 5.5% sharply contrasts with the analyst estimate of -9.8%, suggesting a less severe contraction than anticipated. This unexpected resilience in manufacturing may positively influence industrial and manufacturing stocks in the short term, as sentiment improves. However, the longer-term impact on policy expectations remains uncertain, given the mixed signals from the production data.