Austria Industry July 2019

Austria

Austria: Industrial production picks up in July

September 25, 2019

Austrian industrial production rose 0.3% month-on-month in July, down from a revised 1.1% monthly increase in June (previously reported: +0.5% month-on-month). The latest outturn was driven by robust output growth in energy generation, durable consumer goods and non-durable consumer goods. Capital goods production, meanwhile, declined sharply.

Compared to the same month in the prior year, industrial output rose 2.3% in July, up from a revised 2.1% increase in June. Annual average industrial production growth, however, edged down to 4.1% from 4.3% in June.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.2% in 2020, which is unchanged from last month’s forecast. For 2021, the panel expects that industrial production will grow 1.6%.


Author:, Economist

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Austria Industry July 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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