Austria: Industrial production starts year on solid footing
March 25, 2016
In January, industrial production increased 1.5% over the previous month in seasonally-adjusted terms. The reading marked the largest expansion in over a year and contrasted the 1.2% decrease recorded in December. January’s rebound was driven by turnarounds in manufacturing and the production of electricity and gas along with an acceleration in water supply.
In annual terms, industrial production grew 1.5% in January, contrasting the 0.8% drop recorded in December. Meanwhile, annual average growth in industrial production edged up from 0.7% in December to 0.9% in January.