Austria Industrial production

Austria

Austria: Growth in industrial production eases in January

March 25, 2015

In January, industrial output rose a seasonally-adjusted 1.2% over the previous month. The result came in below December’s 1.5% increase, although it markedly overshot the flat readings posted in both October and November of last year. January’s increase was mainly the result of a strong rebound in the production of electricity and gas and in mining and quarrying. Conversely, the manufacturing and water supply categories deteriorated.

Compared to the same month of the previous year, industrial production contracted a working-day adjusted 0.1% in January, which was up from the 0.5% fall observed in December and marked the highest result in seven months. Despite January’s slight improvement, annual average growth in industrial production fell from minus 0.3% in December to minus 0.7% in January.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 1.5% this year, which is unchanged from last month’s forecast. For 2016, participants expect growth in industrial production to pick up to 2.3%.


Author:, Economist

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Austria Industrial production Chart


Austria Industry January 2015

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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