In July, industrial production expanded a working-day adjusted 4.4% over the same month last year, which was below the 6.8% increase in June. The reading marked the slowest pace of expansion since September 2010. Slower growth in manufacturing and a contraction in construction were the main drivers behind the July deceleration. A month-on-month comparison points to an ever sharper deterioration than the slowdown suggested by the annual data, as industrial production contracted a seasonally adjusted 1.3% over the previous months, which contrasted the 0.2% increase recorded in June. Owing to the July outturn, the trend continues to point to a less dynamic performance in the industrial sector, with annual average growth in industrial production inching down from 7.0% in June to 6.9% in July.
Industrial production expands at 10-month slow
September 23, 2011
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Austria Economic News
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 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.
August 30, 2016
In August, the manufacturing Purchasing Managers’ Index (PMI) produced by Bank Austria came in at 52.1, which was down from July’s 53.4.
August 29, 2016
The economy lost steam in the second quarter of 2016, according to the revised data released by the Austrian Institute of Economic Research (WIFO) on 29 August.