Austria: Industrial production contracts in July
September 23, 2016
In July, industrial production fell 0.6% over the previous month in seasonally-adjusted terms. This contrasted the revised 0.5% expansion recorded in June (previously reported: +0.1% month-on-month). July’s result was largely driven by steeper contractions in the manufacturing sector, as well as in the mining and quarrying sector.
In annual terms, industrial production contracted 0.3% in July, which contrasted the revised 1.5% expansion recorded in June (previously reported: +0.9% year-on-year). Annual average growth in industrial production in July was 1.6%, which was slightly lower than June’s 1.8%.
Author: Christopher Mc Innes, Economist