Austria Industry May 2018

Austria

Austria: Growth in industrial production output picks up in May

July 25, 2018

Industrial production expanded 1.6% over the previous month in May, picking up significant speed from April’s revised 0.2% month-on-month expansion (previously reported: +1.0% month-on-month). The result came on the back of stronger growth in the manufacturing sector and a rebound in the energy sector. However, activity growth in the mining sector moderated, while the water supply sector logged a sharp contraction.

On an annual, working-day adjusted basis, industrial output grew 6.2%, which was up from April’s revised 4.6% expansion (previously reported: +5.9% year-on-year). Lastly, annual average growth in industrial production edged up from a revised 5.7% in April (previously reported: +5.8%) to 5.8% in May.

Austria Industrial Production Forecast


FocusEconomics Consensus Forecast panelists project that industrial production will increase 5.3% in 2018, which is up 0.5 percentage points from last month’s forecast. For 2019, the panel expects that industrial production will grow 3.0%.


Author:, Economist

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Austria Industry Chart


Austria Industry May 2018 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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