Austria Industry June 2016


Industrial production returns to growth in June

In June, industrial production increased 0.1% over the previous month in seasonally-adjusted terms. This contrasted the revised 1.0% contraction recorded in May (previously reported: -1.5% month-on-month). June’s result was largely driven by expansions in the electricity and gas sector, as well as in the mining and quarrying sector.

In annual terms, industrial production grew 0.9% in June, down from the revised 1.5% expansion recorded in May (previously reported: +0.8% year-on-year). Annual average growth in industrial production in June was 1.7%, which was slightly higher than May’s 1.5% and the highest result in over three years.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.9% in 2016, which is down 0.1 percentage points over the previous month’s forecast. For 2017, the panel expects that industrial production will increase 1.8%.

Author:, Economist

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Austria Industry Chart

Austria Industry June 2016 1

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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