Austria Industry August 2016

Austria

Austria: Industrial production expands in August

In August, industrial production in Austria expanded 1.6% over the previous month in seasonally-adjusted terms. This contrasted the revised 0.5% contraction recorded in July (previously reported: -0.6% month-on-month). August’s result was largely driven by a return to growth in the manufacturing sector, as well as an acceleration in the water supply sector.

In annual terms, industrial production grew 2.3% in August, which contrasted the 0.3% contraction recorded in July. Annual average growth in industrial production in August was 1.6%, which was in line with July’s result.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 2.1% in 2016, which is up 0.2 percentage points from last month’s forecast. For 2017, the panel expects that industrial production will increase 2.0%, which is unchanged from last month’s estimate.


Author:, Economist

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Austria Industry August 2016

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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