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Austria Industry June 2018

Austria: Industrial production drops in June

Industrial production fell 1.5% month-on-month in seasonally-adjusted terms in June, ending the second quarter on a weak footing. June’s result sharply contrasted May’s revised 2.6% expansion (previously reported: +1.6% month-on-month). The decline was broad-based, with four of the five sub-categories contracting over the previous month in June. The sole category that recorded an expansion was the production of durable consumer goods, while the production of non-durable consumer goods contracted at the sharpest rate.

On an annual, working-day adjusted basis, industrial production grew 5.0%, which is down from May’s revised 6.9% expansion (previously reported: +6.2% year-on-year). Lastly, annual average growth in industrial production was stable at 5.8% in June.

Austria Industrial Production Forecast

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