Industry in Austria

Austria Industry | Economic News & Forecasts

Austria - Industry

Industrial production drops in July

Industrial production contracted 0.5% in July over the previous month, matching June’s revised reading (previously reported: -1.5% month-on-month). July’s print reflected contractions in the production of intermediate goods and capital goods, which offset robust growth in the output of durable consumer goods; energy; and non-durable consumer goods.

Year-on-year growth reached 3.1% in July on a working-day adjusted basis, which is down from June’s revised 5.9% expansion (previously reported: +5.0% year-on-year). Lastly, annual average growth in industrial production edged down to 5.8% in July from June’s 6.0%.

Austria Industrial Production Forecast

FocusEconomics Consensus Forecast panelists project that industrial production will increase 5.7% in 2018, which is up 0.4 percentage points from last month’s forecast. For 2019, the panel expects that industrial production will grow 3.3%, up 0.2 percentage points from last month.

Austria - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)0.4  -0.4  2.1  2.7  4.4  

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Austria Industry Chart

Austria Industry
Note: Annual variation of industrial output in %.
Source: Statistics Austria and FocusEconomics calculations.

Austria Facts

Bond Yield0.640.40 %Oct 18
Exchange Rate1.150.65 %Oct 18
Stock Market3,262-1.00 %Oct 18

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