Industry in Austria
Austria - Industry
Industrial production drops markedly in November
Industrial production in Austria contracted 2.4% over the prior month in November, contrasting the upwardly revised 2.1% expansion in October (previously reported: +1.2% month-on-month). The steep drop in output came on the back of marked contractions in the production of intermediate goods, capital goods, non-durable consumer goods and durable consumer goods. The latter is likely linked to a still-troublesome automotive sector as new car registrations continued to drop in the final quarter of 2018. On a more positive note, energy production increased at a steady pace in November.
Compared to the same month a year earlier, industrial output expanded a soft 1.0% in November, noticeably down from the 5.0% expansion in October. Annual average growth in industrial production eased to 4.8% in November from 5.3% in October.
Austria Industrial Production Forecast
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 2.2%.
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||0.33||0.40 %||Feb 20|
|Exchange Rate||1.13||0.65 %||Feb 20|
|Stock Market||3,062||-1.00 %||Feb 20|
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January 30, 2019
According to a preliminary estimate, the Austrian economy grew 0.2% in the fourth quarter over the previous quarter, down noticeably from the 0.4% expansion recorded in the third quarter.
January 30, 2019
Consumer sentiment dropped to minus 2 in January, from a revised minus 1 in December (previously reported: +9).
Austria: Weakening foreign demand spearheads loss of steam in Austria’s manufacturing sector in January
January 29, 2019
Business conditions in the Austrian manufacturing sector improved at the softest pace in nearly two-and-a-half years in January, with the Bank Austria Purchasing Managers’ Index (PMI), released by IHS Markit, easing to 52.7 from 53.9 in December.
January 25, 2019
Industrial production in Austria contracted 2.4% over the prior month in November, contrasting the upwardly revised 2.1% expansion in October (previously reported: +1.2% month-on-month).
December 28, 2018
Consumer sentiment remained stable at 9 in December for the third month in a row and easily above the critical zero-point mark that separates optimism from pessimism among Austrian households. While the headline reading did not show any movement, the underlying components did see some changes.