Industry in Austria
Austria - Industry
Industrial production falls in March
Industrial output in Austria dropped 1.0% over the previous month in March, swinging from February’s upwardly revised 1.4% increase (previously reported: +0.6% month-on-month). The print came on the back of a stronger drop in durable consumer goods production and a contraction in capital goods output; non-durable consumer goods output decreased at a softer pace, however.
Compared to the same month a year earlier, industrial production rose 5.7%, down from February’s 7.1% (previously reported: +5.9% year-on-year). Annual average growth in industrial production edged up to 5.0% in March from 4.9%.
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 2.1%.
Austria - Industry Data
|Industrial Production (annual variation in %)||0.4||-0.4||2.1||2.7||4.4|
5 years of economic forecasts for more than 30 economic indicators.
Austria Industry Chart
Source: Statistics Austria and FocusEconomics calculations.
|Bond Yield||-0.01||0.40 %||Jun 20|
|Exchange Rate||1.13||0.65 %||Jun 20|
|Stock Market||2,955||-1.00 %||Jun 20|
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June 26, 2019
The Austrian manufacturing sector closed the second quarter on bad footing, with the Bank Austria’ Purchasing Managers’ Index (PMI) dropping to 47.5 in June (May: 48.3) and marking the lowest print in 55 months.
May 30, 2019
On 27 May, Austria entered unchartered political waters; for the first time in the country’s modern history has a chancellor (and his newly-installed technocratic government) been ousted from office by a Parliamentary no-confidence vote.
May 30, 2019
Consumers were neither pessimistic nor optimistic in May, with the consumer confidence index rising to the neutral zero-point mark in May from minus 3 in April.
May 29, 2019
A second reading of national accounts data revealed that the economy grew at a faster pace than previously estimated in the first quarter of the year.
May 28, 2019
Bank Austria’s Purchasing Managers’ Index (PMI) moved further south of the neutral 50-point mark in May, as the index fell to an over four-year low of 48.3 (April: 49.2), indicating weakening economic momentum in the second quarter.