Austria Industrial production

Austria

Austria: Industrial production swings to contraction in February

April 24, 2015

In February, industrial output fell a seasonally-adjusted 0.8% over the previous month. The result contrasted January’s 1.0% increase and marked a six-month low. February’s contraction was the result of an almost across-the-board deterioration as manufacturing, mining and quarrying, as well as electricity and gas all swung to contractions from expansions in the previous month. In contrast, water supply output rebounded from a contraction in January to an expansion in February.

Compared to the same month of the previous year, industrial production contracted a working-day adjusted 0.2% in February, which was up from the 0.5% fall observed in January and marked the highest result in eight months. Despite February’s slight improvement, annual average growth in industrial production fell from minus 0.7% in January to minus 0.9% in February.

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 to 2.5%.


Author: Angela Bouzanis, Senior Economist

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Austria Industrial production Chart


Austria Industry February 2015 0

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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