A city on a lake in Austria

Austria Industrial production January 2022

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

Industrial output expanded 3.6% month-on-month in January, swinging from December’s 1.1% contraction and marking the strongest increase since July 2020. The increase in output at the outset of the year was driven by a return to growth in intermediate, durable and non-durable consumer goods production. Capital goods output contracted for the second month running, however.

On an annual basis, industrial production jumped 13.9% in January, up from the 8.0% increase logged in December. Furthermore, the trend improved, with annual average growth of industrial production rising to 11.8% in January, from December’s 10.3% expansion.

While the data highlights a robust start to the year, recent events suggest that the industrial sector will suffer a setback in the months ahead.

Analysts at the EIU added:

“In the light of the Russia-Ukraine war, we have revised down our GDP forecast, from 3.9% to 3.7%, reflecting the weaker growth in Austria’s main trading partners and additional supply-chain disruptions affecting the Austrian manufacturing sector, with its close ties to German manufacturers. German car producers, for example, have already reduced output as a result of the war because essential components manufactured in Ukraine are no longer available.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest