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%.
Author: Jan Lammersen, Economist