In November, industrial production grew 2.5% over the same month the previous year, which represented a deceleration compared to the 3.5% expansion recorded in October. The reading marked the slowest increase since April 2010. Slower growth in manufacturing production as well as a contraction in mining and quarrying were the key drivers behind the monthly slowdown. On a month-on-month seasonally adjusted basis, industrial output remained flat over the previous month, which was down from the 0.1% increase observed in October. As a result of the November slowdown, the trend continues to point downwards, with annual average growth in industrial production declining from 6.8% in October to 6.4% in November.
Industrial production slows in November
January 25, 2012
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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.