Austria Industry February 2019

Austria

Austria: Growth in industrial production decelerates

April 25, 2019

Industrial production in Austria increased 0.6% month-on-month in February, slightly below January’s revised 0.7% expansion (previously reported: +1.9% month-on-month). The print reflected robust growth in capital goods production while output growth of intermediate goods was flat. Output of consumer goods and energy decreased.

Compared to February 2018, industrial output expanded 5.9%, which was down from January’s 6.7% rise (previously reported: +8.2% year-on-year). Annual average growth in industrial production was stable at January’s 4.8% in February.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 2.7% in 2019, which is up 0.1 percentage points from last month’s forecast. For 2020, the panel expects that industrial production will grow 2.4%.


Author:, Economist

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Austria Industry February 2019 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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