Austria Industry March 2019

Austria

Austria: Industrial production falls in March

May 24, 2019

Industrial output in Austria dropped 1.0% over the previous month in March, swinging from February’s upwardly revised 1.4% increase (previously reported: +0.6% month-on-month). The print came on the back of a stronger drop in durable consumer goods production and a contraction in capital goods output; non-durable consumer goods output decreased at a softer pace, however.

Compared to the same month a year earlier, industrial production rose 5.7%, down from February’s 7.1% (previously reported: +5.9% year-on-year). Annual average growth in industrial production edged up to 5.0% in March from 4.9%.

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 2.1%.


Author:, Economist

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Austria Industry march 2019 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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