Industry in Austria

Austria Industry | Economic News & Forecasts

Austria - Industry

Growth in industrial production output picks up in May

Industrial production expanded 1.6% over the previous month in May, picking up significant speed from April’s revised 0.2% month-on-month expansion (previously reported: +1.0% month-on-month). The result came on the back of stronger growth in the manufacturing sector and a rebound in the energy sector. However, activity growth in the mining sector moderated, while the water supply sector logged a sharp contraction.

On an annual, working-day adjusted basis, industrial output grew 6.2%, which was up from April’s revised 4.6% expansion (previously reported: +5.9% year-on-year). Lastly, annual average growth in industrial production edged up from a revised 5.7% in April (previously reported: +5.8%) to 5.8% in May.


Austria Industrial Production Forecast


FocusEconomics Consensus Forecast panelists project that industrial production will increase 5.3% in 2018, which is up 0.5 percentage points from last month’s forecast. For 2019, the panel expects that industrial production will grow 3.0%.

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

ValueChangeDate
Bond Yield0.570.40 %Aug 15
Exchange Rate1.130.65 %Aug 15
Stock Market3,287-1.00 %Aug 14

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