Austria Industry November 2018

Austria

Austria: Industrial production drops markedly in November

January 25, 2019

Industrial production in Austria contracted 2.4% over the prior month in November, contrasting the upwardly revised 2.1% expansion in October (previously reported: +1.2% month-on-month). The steep drop in output came on the back of marked contractions in the production of intermediate goods, capital goods, non-durable consumer goods and durable consumer goods. The latter is likely linked to a still-troublesome automotive sector as new car registrations continued to drop in the final quarter of 2018. On a more positive note, energy production increased at a steady pace in November.

Compared to the same month a year earlier, industrial output expanded a soft 1.0% in November, noticeably down from the 5.0% expansion in October. Annual average growth in industrial production eased to 4.8% in November from 5.3% in October.

Austria Industrial Production Forecast


FocusEconomics Consensus Forecast panelists project that industrial production will increase 3.0% in 2019, which is unchanged from last month’s forecast. For 2020, the panel expects that industrial production will grow 2.2%.


Author:, Economist

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Austria Industry Chart


Austria Industry October 2018 1

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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