Austria Industry August 2018

Austria

Austria: Industrial production contracts in August

October 25, 2018

Industrial output dropped 1.4% in August over the previous month, a sharper contraction than July’s 0.1% fall. August’s figure was largely driven by contractions in the production of durable consumer goods and capital goods.

Year-on-year growth moderated from a revised 5.0% in July (previously reported: +4.8% year-on-year) to 2.8% in August on a working-day adjusted basis. Lastly, annual average growth in industrial production inched down from 5.8% in July to 5.7% in August.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 3.3% in 2019, which is unchanged from last month’s forecast. For 2020, the panel expects that industrial production will grow 1.9%.


Author:, Economist

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Austria Industry August 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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