Austria: Industrial production contracts in April
June 23, 2017
In April, industrial production contracted 0.4% over the previous month in seasonally adjusted terms, contrasting March’s 0.2% expansion. April’s deterioration was driven by the manufacturing and mining sector swinging to contraction, largely offsetting a softer contraction in the energy sector and a return to growth in the water supply sector.
In annual terms, industrial production grew 3.3% in April, which was below the 4.2% registered in March. However, annual average growth in industrial production in April was 2.1%, up from March’s 1.9%.
Author: Christopher Mc Innes, Economist