Austria Industry


Industrial production weakens in April

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.

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Austria Industry Chart

Austria Industry April 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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