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Austria Industrial production October 2022

Austria: Industrial output improves in October

Industrial output declined 0.6% month-on-month in seasonally-adjusted terms in October (September: -1.2% mom). The softer contraction was due to stronger non-durable consumer goods production. Meanwhile, durable consumer goods production weakened at the outset of Q4.

On an annual basis, industrial production rose at a more moderate pace of 3.9% in October (September: +5.9% yoy). Moreover, the trend pointed down, with the annual average growth of industrial production coming in at 7.6% in October, down from September’s 7.7% reading.

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