In July, industrial production expanded a working-day adjusted 2.0% over the same month last year, which came in above the 1.5% increase recorded in June. The acceleration was driven by stronger growth in mining and quarrying as well as in construction activity, which more than compensated for a deterioration in manufacturing output. A month-on-month comparison confirms the improvement suggested by the annual data, as industrial production expanded 0.1% in July in seasonally adjusted terms, contrasting the 0.7% contraction observed in the previous month. Despite the faster monthly increase, the trend continues to point downwards, with annual average growth in industrial production falling from 2.6% in June to 2.3% in July, the slowest pace since September 2010.
Industrial production accelerates in July
September 24, 2012
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Austria Industry Chart
Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Statistics Austria (STAT) and FocusEconomics calculations.
Austria Economic News
October 25, 2016
In August, industrial production expanded 1.6% over the previous month in seasonally-adjusted terms.
September 29, 2016
In September, the Bank Austria Manufacturing Purchasing Managers’ Index (PMI) came in at 53.5, which was up from August’s 52.1.
September 28, 2016
The consumer confidence index produced by Fessel-GfK deteriorated in September.
September 23, 2016
In July, industrial production fell 0.6% over the previous month in seasonally-adjusted terms.
August 31, 2016
The consumer confidence index elaborated by Fessel-GfK deteriorated slightly in August, ending three consecutive months of improvement.