Industry in Austria
Austria - Industry
Growth in industrial production output picks up in May
Industrial production expanded 1.6% over the previous month in May, picking up significant speed from April’s revised 0.2% month-on-month expansion (previously reported: +1.0% month-on-month). The result came on the back of stronger growth in the manufacturing sector and a rebound in the energy sector. However, activity growth in the mining sector moderated, while the water supply sector logged a sharp contraction.
On an annual, working-day adjusted basis, industrial output grew 6.2%, which was up from April’s revised 4.6% expansion (previously reported: +5.9% year-on-year). Lastly, annual average growth in industrial production edged up from a revised 5.7% in April (previously reported: +5.8%) to 5.8% in May.
Austria Industrial Production Forecast
FocusEconomics Consensus Forecast panelists project that industrial production will increase 5.3% in 2018, which is up 0.5 percentage points from last month’s forecast. For 2019, the panel expects that industrial production will grow 3.0%.
Austria - Industry Data
|Industrial Production (annual variation in %)||0.4||-0.4||2.1||2.7||4.4|
5 years of economic forecasts for more than 30 economic indicators.
Austria Industry Chart
Source: Statistics Austria and FocusEconomics calculations.
|Bond Yield||0.57||0.40 %||Aug 15|
|Exchange Rate||1.13||0.65 %||Aug 15|
|Stock Market||3,287||-1.00 %||Aug 14|
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July 31, 2018
Austria’s economy continues to enjoy solid momentum, according to a flash estimate released by the Austrian Institute of Economic Research on 31 July.
July 30, 2018
Consumer confidence was stable in July, with the index unchanged at 9, firmly entrenched above the crucial zero-point mark that separates optimism from pessimism among consumers. Although consumers were more optimistic about their current financial situation, they were less upbeat regarding their financial situation in the next 12 months.
July 27, 2018
After repeatedly dropping during the first half of the year, the headline Purchasing Managers’ Index (PMI) rose slightly at the outset of the second half.
July 25, 2018
Industrial production expanded 1.6% over the previous month in May, picking up significant speed from April’s revised 0.2% month-on-month expansion (previously reported: +1.0% month-on-month).
June 28, 2018
Consumer confidence dropped from 11 in May to 9 in June, marking the lowest reading since October of last year, and reflecting a slightly less upbeat view on the general economic situation in Austria.