Austria Industrial production June 2020

Austria

Austria: Industrial output growth eases in June

August 25, 2020

Industrial output increased 5.0% in June (May: +8.5%). The slowdown in growth was largely driven by easing capital goods and non-durable consumer goods output. However, durable consumer goods production accelerated.

On an annual basis, industrial production fell 10.3% in June, a softer drop than May’s 14.3% fall. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 4.9% in June, down from May's minus 3.8% reading.

FocusEconomics Consensus Forecast panelists project that industrial production will drop 9.4% in 2020. For 2021, the panel expects that industrial production will grow 5.5%.


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Austria Industry June 20 20

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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