Austria Industry June 2017

Austria

Austria: Industrial production contracts in June

August 25, 2017

In June, industrial production contracted 0.1% over the previous month in seasonally adjusted terms, contrasting May’s 0.4% expansion. June’s deterioration was driven by the water supply sector swinging to contraction and the mining sector falling deeper into contractionary territory. This largely offset solid performances in the manufacturing and energy sectors, which both swung back into expansion.

In annual terms, industrial production grew 4.5% in June, which was below the 4.7% registered in May. However, annual average growth in industrial production in June was 2.7%, up from May’s 2.4%.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 2.8% in 2017, which is up 0.2 percentage points from last month’s forecast. For 2018, the panel expects that industrial production will increase 2.6%.


Author:, Economist

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Austria Industry June 2017

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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