In April, industrial production expanded a working-day adjusted 0.4% over the same month last year, which was half the 0.8% growth rate observed in March. The reading represents the slowest pace of expansion since February and mainly reflected weaker growth in energy supply along with a deterioration in manufacturing production. A month-on-month analysis confirms the softening suggested by the annual data, as manufacturing output rose a seasonally adjusted 0.3% over the previous month, which was well below the 1.7% expansion recorded in March. As a result of the April deceleration, the trend points downwards, with annual average growth in industrial production falling from 4.1% in March to 3.3% in April.
Industrial production weakens in April
June 22, 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
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.