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Austria Industrial production August 2023

Austria: Industrial output bounces back in August

Industrial output expanded 0.2% in month-on-month seasonally -adjusted terms in August, which contrasted July’s 1.2% decrease. August’s pickup was partly due to a rebound in durable consumer goods output. In addition, capital goods production dropped at a softer rate.

On an annual basis, industrial production dropped 2.5% in August, contrasting July’s 0.5% expansion and marked the worst result since January 2021. Accordingly, annual average industrial production growth fell to 1.4% in August (July: +2.0%). This signals a worsening trend in the industrial sector.

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