Austria Industry December 2016

Austria

Austria: Industrial production contracts in December

February 24, 2017

In December, industrial production fell 1.6% over the previous month in seasonally adjusted terms. This contrasted the 0.9% expansion recorded in November and represented the lowest reading since July 2017. December’s deterioration was broad-based, with the manufacturing, mining and quarrying, and electricity and gas sectors contracting after having all expanded in the previous month. The water supply sector also contracted, albeit at a slower pace than in November.

In annual terms, industrial production grew 2.1% in December, which was down from the 3.6% expansion recorded in November. Annual average growth in industrial production in December was 1.6%, above November’s 1.4% mark and the highest print since April 2013..

FocusEconomics Consensus Forecast panelists project that industrial production will increase 2.1% in 2017, which is down 0.1 percentage points from last month’s forecast. For 2018, the panel expects that industrial production will increase 2.4%.


Author:, Economist

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Austria Industry December 2016

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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