Industry in Austria

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 |
Austria Industry Chart

Source: Statistics Austria and FocusEconomics calculations.
Austria Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 0.03 | 0.40 % | Jan 01 |
Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Austria: Industrial output deteriorates in March
May 11, 2022
Industrial production decreased 1.1% month-on-month in seasonally-adjusted terms in March (February: +0.2% mom).
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Austria: Consumer sentiment remains deeply pessimistic in April
May 3, 2022
Consumer confidence came in at minus 21.0 in April, up from March’s minus 22.0.
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Austria: Industrial output expands at over one-year high quick pace in January
May 2, 2022
Industrial output expanded 2.2% month-on-month in February, down from January’s 4.2% expansion.
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April 29, 2022
The Austrian economy rebounded from a 1.5% quarter-on-quarter contraction in the fourth quarter of last year to a 2.5% quarterly expansion in the opening quarter of this year.
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Austria: Manufacturing PMI cools in April
April 27, 2022
Despite the Austrian economy’s links with Russia and its export-driven manufacturing sector, operating conditions in the sector continued to improve at a strong pace in April.