In June, industrial production increased a paltry 0.3% over the same month last year in seasonal and working-day adjusted terms. The reading came in as a fraction of the 2.7% expansion recorded in May and marked, in fact, the weakest expansion since February. The monthly slowdown was broad based, with all sub-categories of the index recording decelerations compared to the previous month. Meanwhile, construction activity contracted 2.7% in June. A month-on-month comparison suggests an even sharper deterioration than the deceleration suggested by the annual figures, as industrial output declined a seasonally adjusted 1.6% in June, which contrasted the 0.9% expansion recorded in May. As a result of the June deterioration, the trend is pointing downwards, with annual average growth in industrial production falling from 3.0% in May to 2.5% in June, the slowest pace since September 2010.
Industrial production weakens in June
August 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
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.