Austria Industrial production April 2022

Austria

Austria: Industrial output growth eases in April

June 10, 2022

Industrial output increased 1.6% in month-on-month seasonally-adjusted terms in April, which was a deterioration from March's 1.9% increase. The figure was largely driven by a deterioration in durable consumer goods production, as it recorded the weakest reading since August 2021. Meanwhile, capital goods production picked up pace.

On an annual basis, industrial production rose at a quicker rate of 9.2% in April (March: +7.4% yoy). Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 9.6%, down from March's 11.2%.

FocusEconomics Consensus Forecast panelists project that industrial production will rise 5.2% in 2022. For 2023, the panel expects that industrial production will grow 2.3%.


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Austria Industrial production Chart


Austria Industry April 2022

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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