Austria: Industrial output growth eases in November
Industrial output increased 0.2% month on month in seasonally adjusted terms in November (October: +0.9% mom). The result was driven by deteriorating intermediate consumer goods production, which more than offset improving durable consumer and capital goods production.
On an annual basis, industrial production rose 4.0% in November, which was below Octobers 5.4% expansion. Consequently, annual average industrial production growth fell to 7.3% in November (October: +7.7%). This signals a worsening trend in the industrial sector.