Austria Industrial production November 2020

Austria

Austria: Industrial output contracts in November

January 25, 2021

Industrial output dropped 0.8% month-on-month in seasonally-adjusted terms in November, swinging from October’s 1.6% jump. The fall in production came on the back of a notable decrease in energy and non-durable consumer goods output. On the other hand, production of durable consumer goods grew robustly and limited the fall in the headline.

Compared to the same month a year prior, industrial production rose 0.1% in November, after flatlining in October. Meanwhile, the trend pointed up, with the annual average variation of industrial production coming at minus 5.7% in November (October: -5.8%).

FocusEconomics Consensus Forecast panelists project that industrial production will rise 6.4% in 2021. For 2022, the panel expects that industrial production will grow 5.0%.


Author:, Economist

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Austria Industrial production Chart


Austria Industry November 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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