Austria: Industrial production drops to over-one-year low in August
October 26, 2015
In August, industrial output fell a seasonally-adjusted 1.6% over the previous month. The result was a notable deterioration over July’s revised 1.2% increase (previously reported: +0.7% month-on-month) and marked the worst result since July 2014. August’s figure was driven by a deterioration in the manufacturing sector along with in mining and quarrying.
Compared to the same month of the previous year, industrial production expanded a working-day adjusted 1.0% in August, which followed July’s revised 2.3% increase (previously reported: +1.3% year-on-year). Annual average growth in industrial production inched up from July’s minus 0.7% to minus 0.4% in August.