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%.
Author: Christopher Mc Innes, Economist