Industry in Austria

Austria Industry | Economic News & Forecasts

Austria - Industry

Industrial production drops markedly in November

Industrial production in Austria contracted 2.4% over the prior month in November, contrasting the upwardly revised 2.1% expansion in October (previously reported: +1.2% month-on-month). The steep drop in output came on the back of marked contractions in the production of intermediate goods, capital goods, non-durable consumer goods and durable consumer goods. The latter is likely linked to a still-troublesome automotive sector as new car registrations continued to drop in the final quarter of 2018. On a more positive note, energy production increased at a steady pace in November.

Compared to the same month a year earlier, industrial output expanded a soft 1.0% in November, noticeably down from the 5.0% expansion in October. Annual average growth in industrial production eased to 4.8% in November from 5.3% in October.

Austria Industrial Production Forecast

FocusEconomics Consensus Forecast panelists project that industrial production will increase 3.0% in 2019, which is unchanged from last month’s forecast. For 2020, the panel expects that industrial production will grow 2.2%.

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 Yield0.330.40 %Feb 20
Exchange Rate1.130.65 %Feb 20
Stock Market3,062-1.00 %Feb 20

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