Austria: Industrial production falls in July
September 25, 2014
In July, industrial output decreased a seasonally-adjusted 1.0% over the previous month. The reading contrasted the 1.8% increase observed in June. The monthly contraction was driven by decreases in mining and quarrying, manufacturing output, and water supply.
Compared to the same month last year, industrial production swung from a working-day adjusted 1.6% increase in June to a 1.2% contraction in July. As a result of the deterioration registered in July, annual average growth in industrial production ticked down from 0.9% in June to 0.8%.
Author: Ricardo Aceves, Senior Economist