Austria Industrial production August 2021

Austria

Austria: Industrial output falls at softer pace in August

October 8, 2021

Industrial output decreased 0.6% month-on-month in seasonally-adjusted terms in August (July: -1.2% mom). The softer drop in output came on the back of stronger growth in intermediate goods offsetting contractions in capital and durable consumer goods.

On an annual basis, industrial output rose 8.6% in August, which was below July’s 8.8% expansion and marked the worst result since February. Meanwhile, annual average industrial production growth rose to 7.3% in August (July: +6.4%). This signals an improving trend in the industrial sector.

FocusEconomics Consensus Forecast panelists project that industrial production will rise 9.2% in 2021, which is unchanged from last month’s forecast. For 2022, the panel expects that industrial production will grow 4.5%.


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Austria Industry August 2021

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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