Austria Industrial production February 2022

Austria

Austria: Industrial output expands at over one-year high quick pace in January

May 2, 2022

Industrial output expanded 2.2% month-on-month in February, down from January’s 4.2% expansion. The moderation in output growth came on the back of softer production growth in the output of durable consumer goods and capital goods, while output of non-durable consumer goods contracted.

On an annual basis, industrial production rose 12.2% in February, down from the 13.4% increase logged in January. Furthermore, the trend improved, with annual average growth of industrial production rising to 12.1% in February, from January’s 11.1% expansion.

FocusEconomics Consensus Forecast panelists project that industrial production will rise 5.2% in 2022. For 2023, the panel expects that industrial production will grow 2.3%.


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Austria Industrial production Chart


Austria Industry February 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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