Austria Industry


Industrial production strengthens in May

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.

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Austria Industry Chart

Austria Industry May 2012

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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