Austria Industrial production


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.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 0.7% this year, which is down 0.7 percentage points from last month’s forecast. For 2015, participants expect industrial output to pick up to 2.3%, which is unchanged from last month’s forecast.

Author:, Senior Economist

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Austria Industrial production Chart

Austria Industry September 2014

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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