Producer prices in Austria declined 1.1 percent year-on-year in November of 2019, following an upwardly revised 1.5 percent fall in the previous month. It was the sixth straight month of decreases in producer prices, led by energy (-4.9 percent vs -6.3 percent in October) and intermediate goods (-1.5 percent vs -1.4 percent). On the other hand, prices went up faster for consumer goods (1.6 percent vs 1.3 percent) while those of capital goods rose at the same pace (1.1 percent). On a monthly basis, producer prices went up 0.2 percent, after a revised 0.1 percent drop in the prior month. Producer Prices Change in Austria averaged 0.91 percent from 2001 until 2019, reaching an all time high of 5.47 percent in December of 2010 and a record low of -3.20 percent in July of 2009. source: Statistics Austria
Producer Prices Change in Austria is expected to be -0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Austria to stand at 0.60 in 12 months time. In the long-term, the Austria Producer Prices Change is projected to trend around 1.10 percent in 2020, according to our econometric models.