Austria Industrial production


Industrial production drops to over-one-year low in August

In August, industrial output fell a seasonally-adjusted 1.6% over the previous month. The result was a notable deterioration over July’s revised 1.2% increase (previously reported: +0.7% month-on-month) and marked the worst result since July 2014. August’s figure was driven by a deterioration in the manufacturing sector along with in mining and quarrying.

Compared to the same month of the previous year, industrial production expanded a working-day adjusted 1.0% in August, which followed July’s revised 2.3% increase (previously reported: +1.3% year-on-year). Annual average growth in industrial production inched up from July’s minus 0.7% to minus 0.4% in August.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 1.2% this year, which is down 0.4 percentage points from last month’s forecast. For 2016, participants expect growth in industrial production to pick up 2.2%, which is down 0.1 percentage points from last month’s projection.

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Austria Industrial production Chart

Austria Industry August 2015

Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Statistics Austria (STAT) and FocusEconomics calculations.

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