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.
Author: Cecilia Simkievich, Economist