Austria Industry


Industrial output deteriorates in February

In February, industrial production contracted a seasonally-adjusted 2.6% over the previous month. The figure contrasted the 3.5% rise observed in January. The most important drivers behind the monthly decline were the contractions registered in mining and quarrying and in manufacturing.

Compared to the same month last year, industrial output slowed from a 5.4% increase in January to 1.9% expansion in February. In spite of the subdued figure, annual average growth in industrial output remained stable over previous month at 0.7% in February.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 1.1% this year, which is down 0.4 percentage points from last month's forecast. For 2015, participants expect industrial output to pick up to 3.3%.

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Austria Industry Chart

Austria Industry February 2014

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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