Industry in Austria

Austria Industry | Economic News & Forecasts

Austria - Industry

Industrial production plummets in March amid Covid-19 fallout and lockdowns

Industrial output plummeted 9.5% month-on-month in March, down from February’s revised 2.7% contraction (previously reported: -2.4% month-on-month). March’s print came on the back of a double-digit drop in capital goods production, while durable and non-durable consumer goods, intermediate goods, and energy output also fell.

Compared to the same month a year prior, industrial production fell 12.1%, markedly down from February’s revised 2.8% contraction (previously reported: -2.3% year-on-year). Moreover, annual average industrial output fell 0.9%, swinging from the 0.7% expansion recorded in February.

Industrial output plummeted 9.5% month-on-month in March, down from February’s revised 2.7% contraction (previously reported: -2.4% month-on-month). March’s print came on the back of a double-digit drop in capital goods production, while durable and non-durable consumer goods, intermediate goods, and energy output also fell.

Compared to the same month a year prior, industrial production fell 12.1%, markedly down from February’s revised 2.8% contraction (previously reported: -2.3% year-on-year). Moreover, annual average industrial output fell 0.9%, swinging from the 0.7% expansion recorded in February.

FocusEconomics Consensus Forecast panelists project that industrial production will drop 9.3% in 2020. For 2021, the panel expects that industrial production will grow 5.0%.

Austria - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)10.8  2.5  3.9  -1.8  1.7  

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Austria Industry Chart


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

Austria Facts

Value Change Date
Bond Yield0.030.40 %Jan 01
Exchange Rate1.120.65 %Dec 31

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