Austria Industry November 2017

Austria

Austria: Industrial production growth moderates in November

January 25, 2018

Industrial production grew 3.4% in annual terms in November, decelerating from the 4.6% growth rate in October. Growth in November was driven by higher year-on-year production of construction, capital goods and inputs.

On a month-on-month basis, industrial production increased a marginal 0.1% in November, down from October’s 0.5% increase. The moderation was the result of a month-on-month contraction in the production of durable consumer goods, while energy production rebounded strongly. Meanwhile, annual average growth in industrial production inched down from 3.6% in October to 3.5% in November.

Austria Industrial Production Forecast


FocusEconomics Consensus Forecast panelists project that industrial production will increase 3.8% in 2018, which is up 0.2 percentage points from last month’s forecast. For 2019, the panel expects that industrial production will grow 2.6%.


Author:, Economist

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Austria Industry November 2017 2

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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