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Austria Industrial production February 2024

Austria: Industrial output expands at the quickest pace in one year in February

Industrial output rose 2.7% in month-on-month seasonally adjusted terms in February, which contrasted January’s 1.9% decrease. February’s result marked the best reading since February 2023. Looking at the details of the release, the upturn chiefly reflected rebounding capital goods and intermediate goods output, which outweighed deteriorations in durable consumer goods and non-durable consumer goods production.

On an annual basis, industrial output decreased 5.2% in February, which was below January’s 4.3% fall. Accordingly, the trend pointed down, with the annual average variation of industrial production coming in at minus 1.2% in February, down from January’s minus 0.4%.

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