Austria Industrial production August 2020

Austria

Austria: Industrial output contracts in August

October 26, 2020

Industrial output decreased 0.6% on a month-on-month in seasonally-adjusted terms in August, swinging from July's 5.0% increase. August's reading was due to contractions in capital goods, non-durable consumer goods and energy output

On an annual basis, industrial production fell 3.3% in August, easing from July’s 3.7% fall and marking the best result since February. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 5.6%, down from July's minus 5.3% reading.

FocusEconomics Consensus Forecast panelists project that industrial production will rise 6.1% in 2021. For 2022, the panel expects that industrial production will grow 4.9%.


Author:, Economist

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Austria Industrial production Chart


Austria Industry August 20 20

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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