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Austria Industrial production August 2022

Austria: Industrial output records quickest growth since January in August

Industrial output increased 2.4% month-on-month in seasonally-adjusted terms in August (July: -3.9% mom). The figure marked the best reading since January. The reading was largely due to a notable rebound in durable consumer goods production. In addition, capital goods output rebounded.

On an annual basis, industrial production rose at a faster rate of 7.5% in August (July: +5.0% yoy). Moreover, the trend improved slightly, with the annual average growth of industrial production coming in at 8.4%, up from July’s 8.2% reading.

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