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Austria Industrial production January 2023

Austria: Industrial output rebounds in January

Industrial production rose 0.5% month on month in seasonally adjusted terms in January (December: -1.9% mom). The rise was largely driven by a notable rebound in durable consumer goods production, which more than offset a decline in capital goods production.

On an annual basis, industrial output fell 0.7% in January (December: +0.5% yoy), the worst result since January 2021. Accordingly, the trend pointed down, with the annual average growth of industrial production coming in at 5.5% in January, down from December’s 6.5% reading.

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