In August, industrial production expanded a working-day adjusted 5.6% over the same month last year, which represented a slight improvement over the 5.4% increase recorded in September. Faster growth in manufacturing, particularly in investment goods production, was the main driver behind the August expansion. On a month-on-month seasonally adjusted basis, industrial output grew 1.1% over the previous month, which contrasted the 0.7% contraction observed in July. Despite the August expansion, the trend continues to point to a less dynamic performance in the industrial sector, with annual average growth in industrial production inching down from 7.0% in July to 6.8% in August the slowest pace since September 2010.
Industrial production improves in August
October 25, 2011
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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
October 25, 2016
In August, industrial production expanded 1.6% over the previous month in seasonally-adjusted terms.
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 28, 2016
The consumer confidence index produced by Fessel-GfK deteriorated in September.
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.