Industry in Austria
Austria - Industry
Industrial production drops markedly in November
Industrial output plummeted 1.7% month-on-month in November, contrasting the revised 0.8% expansion recorded in November (previously reported: +0.7% month-on-month). The steep drop in production reflected declines in non-durable consumer goods; capital goods; durable consumer goods; and intermediate goods. On the other hand, energy output rose in the month.
Compared to the same month a year prior, industrial production fell an even steeper 2.1%, down from the revised 0.8% year-on-year fall in October (previously reported: -1.0% year-on-year). Annual average industrial production growth slowed to 2.3% in November, from 2.7% in October.
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%.
Austria - Industry Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -0.4 | 2.0 | 2.6 | 5.3 | 4.7 |
Austria Industry Chart
Source: Statistics Austria and FocusEconomics calculations.
Austria Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.03 | 0.40 % | Jan 01 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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