Austria Industry July 2017

Austria

Austria: Industrial production expands in July

September 25, 2017

In July, industrial production increased 0.7% over the previous month in seasonally adjusted terms, up from June’s 0.3% expansion. June’s improvement was driven by faster growth in the manufacturing sector, which offset steeper contractions in the mining and water supply sectors.

In annual terms, industrial production grew 5.7% in July, which was above the 5.1% registered in June. As a result, annual average growth in industrial production in July was 3.3%, up from June’s 2.8%.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 3.8% in 2017, which is up up 0.2 percentage points from last month’s forecast. For 2018, the panel expects that industrial production will increase 3.0%.


Author:, Economist

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Austria Industry July 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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