In February, industrial production rose a working day adjusted 8.9% over the same month the previous year, which was above the 8.5% expansion witnessed in January. The reading marked the fastest pace of expansion in industrial production since March 2007. Strong growth in public utilities as well as in the production of non-durable goods were the main drivers behind the February acceleration. A month-on-month assessment confirms the strong growth suggested by the annual figures, as industrial production grew 1.6% in February in seasonally adjusted terms, which was more than double the 0.6% increase observed in January. As a result of the February expansion, the trend continues to point to a strong recovery in the industrial sector, with annual average growth in industrial output rising from 5.1% in January to 5.7% in February.
Industrial production expands at the fastest pace in four years
April 22, 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.