Latest reading: Industrial output rose 1.9% in month-on-month seasonally adjusted terms in May, which was above April’s 1.3% increase. May’s...
Industrial Production in Austria
The Austrian economy recorded an average industrial production growth rate of -0.4% in the decade to 2024. In 2024, industrial production growth was -4.2%. For more industry information, visit our dedicated page.
Austria Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Austria from 2014 to 2024.
Source: Macrobond.
Austria Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -5.3 | 9.1 | 5.7 | 0.5 | -4.2 |
Industrial output growth gains momentum in April
Latest reading: Industrial production expanded 2.0% month on month in seasonally adjusted terms in April (March: +0.6% mom s.a.). April's upturn was primarily driven by stronger output of durable consumer and capital goods. On an annual basis, industrial output rose at a quicker rate of 3.7% in April (March: +1.1% yoy), the best result since February 2023. Moreover, the trend improved notably, with the annual average variation of industrial production coming in at minus 2.0% in April, up from March's minus 2.6%.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Austrian industry projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Austrian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Austrian industry projections.
Want to get access to the full dataset of Austrian industry forecasts? Send an email to info@focus-economics.com.
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