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
| 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 | 0.33 | 0.40 % | Feb 20 |
| Exchange Rate | 1.13 | 0.65 % | Feb 20 |
| Stock Market | 3,062 | -1.00 % | Feb 20 |
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Austria: Industrial production drops markedly in November
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).
Austria: Consumer confidence remains unchanged in December but views on the year ahead improve
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