In March, industrial output expanded a working day adjusted 9.5% over the same month last year, which was above the 9.2% increase observed in February. The strong expansion observed in March, was also the result of a low base of comparison, as industrial production contracted 0.2% in the same month last year. Faster growth in mining and quarrying, as well as in electricity, gas, steam and air conditioning supply were the main drivers behind the monthly acceleration. In addition, construction bounced back in March, growing 3.0% year-on-year, after 15 consecutive months of declining activity. A month-on-month comparison, however, does not confirm the strong growth suggested by the annual figures, as industrial output grew 0.4% in seasonally adjusted terms, which was well below the 1.9% expansion observed in February. As a result of the March expansion, the trend continues to point to a strong recovery in the industrial sector, with annual average growth in industrial output jumping from 5.7% in February to 6.6% in March.
Industrial production continues on positive trajectory
May 25, 2011
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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.