Austria Industrial production March 2021

Austria

Austria: Industrial output grows at a softer pace in March

May 25, 2021

Industrial production rose 2.4% month-on-month in seasonally-adjusted terms in March (February: +3.5% s.a. mom). The result marked a three-month low as the impact of easing restrictions faded somewhat. Looking at the details of the release, production growth in intermediate and non-durable consumer goods accelerated, while output of durable consumer goods rebounded. However, output growth of energy and capital goods shifted into a lower gear.

On an annual basis, industrial production jumped 12.7% in March, up from February’s 1.7%. Accordingly, the trend improved, with the annual average variation of industrial production coming in at minus 3.7%, up from February's minus 5.5%.

FocusEconomics Consensus Forecast panelists project that industrial production will rise 6.4% in 2021. For 2022, the panel expects that industrial production will grow 5.0%.


Author:, Economist

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Austria Industrial production Chart


Austria Industry March 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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