Austria Industry June 2019

Austria

Austria: Industrial production picks up in June

August 23, 2019

Industrial output in Austria rose 0.5% month-on-month in June, contrasting May’s revised 0.9% decrease (previously reported: -1.0% month-on-month). The rise reflected growth in the energy and capital goods subsectors.

Compared to the same month a year earlier, industrial production rose 1.3%, contrasting May’s 0.4% decline. Annual average growth in industrial production fell from 4.5% in May to 4.2% in June.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 2.4% in 2019, which is down 0.2 percentage points from last month’s forecast. For 2020, the panel expects that industrial production will grow 1.7%.


Author:, Economist

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Austria Industry June 2019

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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