Austria Industry August 2017

Austria

Austria: Industrial production growth slows in August

October 25, 2017

Industrial production grew 4.0% in annual terms in August, decelerating from a revised 5.8% growth rate in July (previously reported: +5.7% year-on-year). Growth in August was driven by greater production of energy and inputs.

On a month-on-month basis, industrial production declined 0.1% in August compared to a 0.7% increase in July. The slowdown was the result of a contraction in the production of capital goods. Meanwhile, annual average growth in industrial production was 3.5% in August, up from 3.3% in July.

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 increase 3.0%.


Author:, Economist

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Austria Industry August 2017

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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