In January, industrial production grew a working-day adjusted 1.7% over the same month last year, which represented an improvement compared to the flat reading recorded in December. The January expansion reflected stronger growth in manufacturing production as well as in electricity, gas and steam supply. In addition, growth in construction activity accelerated, despite the harsh winter conditions at the beginning of the year. A month-on-month comparison confirms the improvement suggested by the annual data, as industrial output expanded a seasonally adjusted 2.5% in January, which contrasted the 2.6% contraction observed in December. Despite the January expansion, however, the trend continues to point downwards, with annual average growth in industrial production falling from 5.9% in December to 5.4% in January.
Industrial production expands in January
March 25, 2012
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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.