Austria Industrial production September 2020

Austria

Austria: Industrial output growth speeds up in September

November 25, 2020

Industrial production rose 2.0% month-on-month in seasonally-adjusted terms in September (August: +0.6% mom). Looking at the details of the release, durable consumer goods output slowed in September, while capital goods output gathered steam.

On an annual basis, output decreased 1.4% in September (August: -2.6%), which marked the best result since January. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 5.7% in September, down from August's minus 5.5% reading.

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 September 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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