Austria: Industrial production rebounds in September
November 25, 2014
In September, industrial output expanded a seasonally-adjusted 1.0% over the previous month. The result contrasted the revised 1.6% decrease observed in August (previously reported: -2.2% month-on-month). September’s improvement was mainly caused by a rebound in manufacturing output and a strong increase in water supply. Mining and quarrying as well as electricity and gas supply deteriorated over the previous month.
Compared to the same month last year, industrial production contracted a working-day adjusted 2.2% in September, which marked a slight improvement over the 3.2% fall observed in August. As a result of the contraction registered in September, annual average growth in industrial production fell from 0.4% in August to 0.1% in September.
Author: Ricardo Aceves, Senior Economist