In February, industrial production contracted a working-day adjusted 0.9% over the same month last year, which contrasted the revised 2.2% expansion recorded in January (previously reported: +1.7% year-on-year). The reading represents the first contraction since March 2010 and was mainly the result of a decline in manufacturing output and construction activity. A month-on-month comparison confirms the decline suggested by the annual data, as industrial production dropped a seasonally adjusted 1.4% over the previous month, which contrasted the 2.5% increase tallied in January. As a result of the February fall, the trend points downwards, with annual average growth in industrial production falling from 5.5% in January to 4.7% in February. In its biannual economic outlook report, the Central Bank expects the economy to grow only 0.7% before accelerating to 1.6% in 2013.
Industrial production contracts for the first time in two years
April 24, 2012
Looking for forecasts related to Industry in Austria? Download a sample report now.
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.