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Austria Industrial production February 2023

Austria: Industrial output expands at fastest pace since June 2020 in February

Industrial output increased 5.7% month-on-month in seasonally-adjusted terms in February (January: +2.0% mom). February’s result marked the best reading since June 2020. Looking at the details of the release, durable consumer goods production increased at a slower rate in February, while capital goods output rebounded.

On an annual basis, industrial output rose 8.6% in February, notably above January’s 1.1% expansion and marking the best result since May 2022. Meanwhile, annual average growth in industrial production was steady at January’s 5.7% in February.

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