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%.