Industry in Austria
Austria - Industry
Industrial production drops markedly in November
Industrial output plummeted 1.7% month-on-month in November, contrasting the revised 0.8% expansion recorded in November (previously reported: +0.7% month-on-month). The steep drop in production reflected declines in non-durable consumer goods; capital goods; durable consumer goods; and intermediate goods. On the other hand, energy output rose in the month.
Compared to the same month a year prior, industrial production fell an even steeper 2.1%, down from the revised 0.8% year-on-year fall in October (previously reported: -1.0% year-on-year). Annual average industrial production growth slowed to 2.3% in November, from 2.7% in October.
FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.2% in 2020, which is unchanged from last month’s forecast. For 2021, the panel expects that industrial production will grow 1.9%.
Austria - Industry Data
|Industrial Production (annual variation in %)||-0.4||2.0||2.6||5.3||4.7|
5 years of economic forecasts for more than 30 economic indicators.
Austria Industry Chart
Source: Statistics Austria and FocusEconomics calculations.
|Bond Yield||0.03||0.40 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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February 4, 2020
Three months after snap elections were held in September last year, on 7 January President Alexander Van der Bellen swore in an unprecedented new coalition government, consisting of the People’s Party (ÖVP) and the Greens, and thus returning Sebastian Kurz to the chancellorship.
January 31, 2020
Consumer confidence rose to minus 3 in January from minus 4 in December, as Austrian consumers turned slightly less pessimistic as the turn of the year. January’s improvement came on the back of households’ rosier views of their financial situation over the past year, while their outlook on the financial situation in the year ahead was virtually unchanged.
January 30, 2020
In the final quarter of last year, the economy gained traction and expanded 0.3% quarter-on-quarter in seasonally-adjusted terms.
January 29, 2020
Although overall business conditions in Austria’s manufacturing sector continued to worsen in January, the pace of deterioration softened significantly.
January 28, 2020
Austrian consumers remained firmly pessimistic in December, with the consumer confidence index stable at November’s minus 4.