Austria Industry September 2019

Austria

Austria: Industrial production rises in September

November 25, 2019

Industrial production rose 0.2% month-on-month in September, swinging from a revised 1.4% contraction in August (previously reported: -2.3% month-on-month). The increase was driven by a strong rise in energy generation while output of intermediate goods and non-durable consumer goods also rose. However, production of capital goods and consumer durables dropped.

Compared to the same month a year earlier, industrial output fell 0.5%. This contrasted the revised 0.5% expansion in August (previously reported: -0.4% year-on-year). Annual average industrial production growth, meanwhile, eased from 3.8% in August to 3.5% in September.

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 1.9%.


Author:, Economist

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Austria Industry September 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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