Austria Industrial production September 2021

Austria

Austria: Industrial output falls at stronger pace in September

November 10, 2021

Industrial output decreased 2.3% month-on-month in seasonally-adjusted terms in September (August: -1.2% mom). The stronger drop in output came on the back of contractions in energy, non-durable consumer goods, and intermediate goods production.

On an annual basis, industrial output rose 3.3% in September, which was below August’s 7.8% expansion and marked the worst result since February. Meanwhile, annual average industrial production growth rose to 8.4% in September (August: +7.3%). This signals an improving trend in the industrial sector.

FocusEconomics Consensus Forecast panelists project that industrial production will rise 4.0% in 2022. For 2023, the panel expects that industrial production will grow 2.3%.


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Austria Industrial production Chart


Austria Industry September 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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