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Austria Industrial production July 2023

Austria: Industrial output falls at a faster rate in July

Industrial output decreased 1.0% in month-on-month seasonally adjusted terms in July, which was a deterioration from June’s 0.2% decrease. The downturn came on the back of a drop in the output of both capital goods and non-durable consumer goods. However, durable consumer goods output fell at a softer rate.

On an annual basis, industrial output rose 0.3% in July (June: -1.8% yoy). Meanwhile, annual average industrial production growth fell to 2.0% in July (June: +2.2%), which marked an over two-year low.

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