In May, industrial production expanded a seasonally and working-day adjusted 2.6% over the same month last year, which was stronger than the 1.5% increase recorded in April. The print marked the fastest pace of expansion since November 2011. The May acceleration reflected a rebound in manufacturing output as well as strong production of energy. On a monthly basis, industrial production expanded a seasonally adjusted 0.7% over the previous month, which was below the 1.0% expansion recorded in April. Despite the May acceleration, the trend continues its downward trajectory, with annual average growth in industrial production falling from 3.4% in April to 3.0% in May, the weakest expansion seen since October 2010.
Industrial production strengthens in May
July 24, 2012
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Austria Industry Chart
Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Statistics Austria (STAT) and FocusEconomics calculations.
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.