Austria Industrial production October 2021


Austria: Decline in industrial activity softens in October

December 10, 2021

Industrial production fell 0.2% month-on-month in seasonally-adjusted terms in October (September: -0.7% mom). Looking at the details of the release, output of durable consumer goods swung to contraction, while the production of intermediate goods declined at a sharper rate.

On an annual basis, industrial production rose at a quicker rate of 3.3% in October (September: +4.8% yoy). Accordingly, annual average industrial production growth rose to 8.7% in October (September: +7.7%), signaling an improving trend in the industrial sector.

FocusEconomics Consensus Forecast panelists project that industrial production will rise 3.2% in 2022. For 2023, the panel expects that industrial production will grow 2.5%.


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Austria Industrial production Chart

Austria Industry October 2021

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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