Industry in Austria

Austria Industry | Economic News & Forecasts

Austria - Industry

Industrial production falls in March

Industrial output in Austria dropped 1.0% over the previous month in March, swinging from February’s upwardly revised 1.4% increase (previously reported: +0.6% month-on-month). The print came on the back of a stronger drop in durable consumer goods production and a contraction in capital goods output; non-durable consumer goods output decreased at a softer pace, however.

Compared to the same month a year earlier, industrial production rose 5.7%, down from February’s 7.1% (previously reported: +5.9% year-on-year). Annual average growth in industrial production edged up to 5.0% in March from 4.9%.

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 2.1%.

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 Yield-0.010.40 %Jun 20
Exchange Rate1.130.65 %Jun 20
Stock Market2,955-1.00 %Jun 20

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