Austria Industry September 2016


Austria: Industrial production contracts in September

November 25, 2016

In September, industrial production contracted 0.5% over the previous month in seasonally-adjusted terms. This contrasted the 1.6% expansion recorded in August. September’s result was largely driven by contractions in the electricity and water supply sectors, while growth in the manufacturing sector was flat. The mining and quarrying sector, on the other hand, returned to growth.

In annual terms, industrial production grew 2.6% in September, which was up from the 2.3% expansion recorded in August. Annual average growth in industrial production in September was 1.8%, above August’s 1.6% mark and the highest print since May 2013.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 2.1% in 2016, which is unchanged from last month’s forecast. For 2017, the panel expects that industrial production will increase 1.9%, which is also unchanged from last month’s estimate.

Author:, Economist

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Austria Industry Chart

Austria Industry September 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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