Austria Industrial production October 2020

Austria

Austria: Industrial output growth loses traction in October

December 23, 2020

Industrial production rose 0.8% month-on-month in seasonally-adjusted terms in October (September: +2.1% mom). Looking at the details of the release, durable consumer goods and energy output swung to contraction, while capital goods, non-durable consumer goods and intermediate goods production lost pace.

On an annual basis, production fell 0.6% in October, up from September’s 1.4% drop. Meanwhile, the trend pointed up, with the annual average variation of industrial production coming at minus 5.8% in October, up from September’s minus 5.9%

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 October 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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