Austria Industry March 2017

Austria

Austria: Industrial production contracts in March

May 24, 2017

In March, industrial production in Austria contracted 0.4% over the previous month in seasonally adjusted terms, contrasting February’s 2.3% expansion. March’s deterioration was driven by a slowdown in the manufacturing sector, as well as a steeper contraction in the water supply sector.

In annual terms, industrial production grew 3.3% in March, which was below the 3.8% registered in February. However, annual average growth in industrial production in March was 1.8%, up from February’s 1.7%.

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 March 2017 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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