Industry in Austria
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 |
Austria Industry Chart
Source: Statistics Austria and FocusEconomics calculations.
Austria Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.57 | 0.40 % | Aug 15 |
| Exchange Rate | 1.13 | 0.65 % | Aug 15 |
| Stock Market | 3,287 | -1.00 % | Aug 14 |
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Economic News
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July 31, 2018
Austria’s economy continues to enjoy solid momentum, according to a flash estimate released by the Austrian Institute of Economic Research on 31 July.
Austria: Consumer confidence steady in July
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Austria: PMI edges up in July
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After repeatedly dropping during the first half of the year, the headline Purchasing Managers’ Index (PMI) rose slightly at the outset of the second half.
Austria: Growth in industrial production output picks up in May
July 25, 2018
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).
Austria: Consumer confidence drops to seven-month low in June
June 28, 2018
Consumer confidence dropped from 11 in May to 9 in June, marking the lowest reading since October of last year, and reflecting a slightly less upbeat view on the general economic situation in Austria.
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