Austria: Industrial production posts timid growth in November
January 25, 2016
In November, industrial output rose a seasonally-adjusted 0.2% over the previous month. The result marked a smaller expansion than October’s 0.9%. November’s slowdown mainly reflects that manufacturing and electricity as well as gas production swung into contraction. Conversely, mining and quarrying as well as water supply recovered in November.
Compared to the same month of the previous year, industrial production expanded a working-day adjusted 2.6% in November, which followed October’s 1.8% increase. Annual average growth in industrial production advanced from October’s 0.3% to 0.7% in November.