Austria: Industrial production rebounds in April
June 25, 2018
Industrial production expanded 1.0% month-on-month in April in seasonally-adjusted terms, contrasting the prior month’s revised 0.5% contraction (previously reported: -1.6% month-on-month). The result reflected robust expansions in the mining and water supply sector, as well as a rebound in the manufacturing sector. However, the print was held back by a sizable contraction in the energy sector.
On an annual, working-day adjusted basis, industrial output grew 5.9%, which was up from the prior month’s revised 5.2% growth (previously reported: +3.9% year-on-year). Lastly, annual average growth in industrial production edged up from 5.6% in March (previously reported: +5.5%) to 5.8% in April.
Austria Industrial Production Forecast
FocusEconomics Consensus Forecast panelists project that industrial production will increase 4.8% in 2018, which is down 0.2 percentage points from last month’s forecast. For 2019, the panel expects that industrial production will grow 2.9%.
Author: Jan Lammersen, Economist