Austria Industry


Industrial production contracts in February

In February, industrial output contracted a seasonally adjusted 1.4% over the previous month, which contrasted the 0.7% increase recorded in January. The monthly drop reflected contractions in almost all sub-categories of the index, but primarily showed a sharp deterioration in mining and quarrying.

On an annual working-day adjusted basis, however, industrial production accelerated from a 0.9% increase in January to a 1.4% expansion in February.

As a result of the annual acceleration, the trend halted its the downward trajectory in place since November 2012 and rose from 1.6% in January to 1.8% in February.

FocusEconomics Consensus Forecast panellists expect industrial production to rise 1.3% this year, which is down 0.2 percentage points from last month's forecast. For 2014, participants expect industrial output to pick up to 3.3%.

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Austria Industry Chart

Austria Industry February 2013

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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