Industry in Austria
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
|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||0.64||0.40 %||Oct 18|
|Exchange Rate||1.15||0.65 %||Oct 18|
|Stock Market||3,262||-1.00 %||Oct 18|
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September 26, 2018
In September, the headline Purchasing Managers’ Index (PMI)—compiled by Bank Austria and released by IHS Markit—reached a near two-year low, declining to 55.0 from 56.4 in August.
September 25, 2018
Industrial production contracted 0.5% in July over the previous month, matching June’s revised reading (previously reported: -1.5% month-on-month).
August 31, 2018
Consumer confidence moderated in August, with the index dropping to 8 from 9 in July; however, sentiment remained firmly entrenched above the crucial zero-point mark separating optimism from pessimism among consumers.
August 29, 2018
The headline Purchasing Managers’ Index (PMI)—which is compiled by Bank Austria and released by IHS Markit—resumed its general downward trend since the start of the year in August, dropping to 56.4 from 56.8 in July and registering the lowest reading since December 2016.
August 24, 2018
Industrial production fell 1.5% month-on-month in seasonally-adjusted terms in June, ending the second quarter on a weak footing.