A city on a lake in Austria

Austria Industry

Austria Industry

Industrial Production in Austria

The Austrian economy recorded an average industrial production growth rate of 1.9% in the decade to 2024. In 2024, industrial production growth was -4.2%. For more industry information, visit our dedicated page.

Austria Industry Chart

Note: This chart displays Industrial Production (annual variation in %) for Austria from 2014 to 2024.
Source: Macrobond.

Austria Industry Data

2020 2021 2022 2023 2024
Industrial Production (ann. var. %) -5.3 9.1 5.7 0.5 -4.2

Industrial output deteriorates in May

Latest reading: Industrial output fell 0.7% in month-on-month seasonally adjusted terms in May, which was a worse than April's 0.6% decrease. The sharper drop was largely due to a deterioration in durable consumer goods production. In contrast, capital goods production contracted at a softer pace. On an annual basis, industrial output decreased 0.1% in May, matching April’s fall and marking the worst result since December 2024. The trend remained downbeat, with the annual average variation of industrial production coming in at minus 2.0% in May, up marginally from April's minus 2.3% reading.

Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Austrian industry projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Austrian industry.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Austrian industry projections.

Want to get access to the full dataset of Austrian industry forecasts? Send an email to info@focus-economics.com.

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