Austria Industrial production

Austria

Austria: Industrial production rebounds in April

June 25, 2015

In April, industrial output rose a seasonally-adjusted 0.1% over the previous month. The result contrasted March’s revised 0.4% contraction (previously reported: -0.8% month-on-month). April’s figure was the result of an improvement in manufacturing, water supply output, as well as electricity and gas. In contrast, mining and quarrying deteriorated in April, swinging from an expansion in March to a contraction.

Compared to the same month of the previous year, industrial production grew a working-day adjusted 0.8% in April, which was below the revised 1.5% increase observed in March (previously reported: +0.8% year-on-year). Despite April’s deterioration, annual average growth in industrial production rose from March’s minus 0.8% to minus 0.7%.

FocusEconomics Consensus Forecast panelists expect industrial production to increase 1.5% this year, which is unchanged from last month’s forecast. For 2016, participants expect growth in industrial production to pick up 2.2%.


Author: Angela Bouzanis, Senior Economist

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Austria Industrial production Chart


Austria Industry April 2015

Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Statistics Austria (STAT) and FocusEconomics calculations.


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