Industrial production in Austria fell 13.5 percent year-on-year in May of 2020, following a record 21.3 percent drop in the previous month. It marks the 3rd straight annual decrease in industrial production due to the coronavirus crisis. Mining fell 19.1 percent, manufacturing 17.5 percent and construction 8.5 percent. In contrast, increases were seen for electricity, gas and air conditioning (1.6 percent) and water supply and sewerage (8.9 percent). On a monthly basis, industrial output jumped 9.2 percent, in a sign that some sectors are beginning to recover.
Industrial Production in Austria averaged 3.01 percent from 1997 until 2020, reaching an all time high of 25.40 percent in January of 1997 and a record low of -21.30 percent in April of 2020. This page provides the latest reported value for - Austria Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Austria Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.
Industrial Production in Austria is expected to be -7.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Austria to stand at 4.50 in 12 months time. In the long-term, the Austria Industrial Production is projected to trend around 5.20 percent in 2021 and 2.80 percent in 2022, according to our econometric models.