Latest reading: Industrial production fell 0.8% on a year-on-year basis in September, stable from the prior month’s reading. Relative to...
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 2025 to 2023.
Source: Macrobond.
Austria Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -5.3 | 9.1 | 5.7 | 0.5 | -4.1 |
Industrial production shrinks in August
Latest reading: Industrial production was down 2.3% in seasonally adjusted month-on-month terms in August, following 1.8% growth in the previous month. Relative to the previous month's data, the reading for non-durable consumer goods worsened in August (-20.3% on a seasonally adjusted month-on-month basis vs +13.1% in July). In contrast, readings picked up for durable consumer goods (+14.1% vs +1.5% in July), capital goods (-0.2% vs -0.9% in July) and intermediate goods (+0.7% vs -1.1% in July). In annual terms, industrial production was up 0.8% in August, following a 3.2% rise in the previous month.
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.
Latest Global Industrial production News
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