Austria: Industrial production contracts at the close of the first quarter
May 25, 2018
On a month-on-month seasonally-adjusted basis, industrial production contracted 1.6% in March, contrasting the prior month’s revised 1.1% expansion (previously reported: +0.3% month-on-month). The result reflected noticeable contractions in the manufacturing and water supply subsectors, while the mining sector was flat, and the energy sector recorded an increase in production.
Industrial production expanded 3.9% over a year ago in March, which is down markedly from the prior month’s 5.1% increase.
Finally, annual average growth in industrial output increased from February’s revised 5.3% (previously reported: +5.2%) to 5.5%.
Author: Jan Lammersen, Economist