In August, industrial production expanded a working day adjusted 8.2% over the same month last year, which came in above the revised 5.9% increase registered in the previous month (previously reported: 6.8% year-on-year). The monthly improvement marked the fastest growth in industrial output since March 2007. The main drivers behind the August acceleration were a sharp rebound in mining and quarrying output, which increased 4.0% in annual terms, contrasting the 7.3% contraction observed in July. In addition, the manufacturing sector accelerated to 12.3%, up from the previous 9.3% increase tallied in July. Finally, water supply grew 11.4% (July: +7.5% yoy). A month-on-month analysis confirms the acceleration suggested by annual figures, as industrial output rose 1.3% in August in seasonally adjusted terms (July: +0.3% month-on-month). As a result of the robust August reading, the trend continues to show a strong recovery, with annual average growth in industrial production turning from minus 1.3% in July to plus 0.3% in August, which constituted the first positive reading since January 2009.
Industrial production expands at resilient pace in August
October 22, 2010
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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.