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.
Author: Jan Lammersen, Economist