Austria Industrial production September 2022

Austria

Austria: Industrial activity dips in September

November 10, 2022

Industrial output slid 1.6% in month-on-month seasonally-adjusted terms in September, which contrasted August's 4.1% increase. The reading came on the back of weaker durable consumer goods output. In addition, non-durable consumer goods production contracted.

On an annual basis, industrial output rose at a softer pace of 6.8% in September (August: +9.4% yoy). Meanwhile, the trend improved modestly, with the annual average growth of industrial production coming in at 8.8% in September, up from August's 8.5%.

FocusEconomics Consensus Forecast panelists project that industrial production will drop 5.0% in 2023. For 2024, the panel expects that industrial production will grow 2.9%.


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Austria Industrial production Chart


Austria Industry September 2022

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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