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Austria: Industrial production growth moderates in September

Austrian manufacturing
Europe   FocusEconomics

Industrial production in Austria grew 3.7% in annual terms in September, decelerating from a revised 4.2% growth rate in August (previously reported: +4.0% year-on-year).


Growth in September was driven by greater year-on-year production of energy and inputs.

On a month-on-month basis, industrial production declined 0.6% in September, contrasting a 0.4% increase in August.

The slowdown was the result of a month-on-month contraction in the production of inputs and durable consumer goods; capital goods production also decreased.

Meanwhile, annual average growth in industrial production picked up from 3.2% in August to 3.3% in September.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 3.8% in 2018, which is up 0.2 percentage points from last month’s forecast.

For 2019, the panel expects that industrial production will increase 2.6%.

 

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