Austria's industrial production advanced 23.4 percent year-on-year in May 2021, following a revised record 33.8 percent in April, reflecting a continued economic recovery and the low base effect. Growth was recorded in mining & quarrying (14.3 percent vs 10 percent in April); manufacturing (26.3 percent vs 39.2 percent); electricity, gas, steam and air conditioning supply (20.5 percent vs 7.2 percent) and construction (21 percent vs 37.9 percent). Conversely, water supply, sewage, waste management and remediation activities posted another decline (-8 percent vs -14.8 percent). On a seasonally adjusted monthly basis, industrial production was unchanged. source: Statistik Austria
Industrial Production in Austria averaged 3.06 percent from 1997 until 2021, reaching an all time high of 35.90 percent in April of 2021 and a record low of -21.20 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 2021.
Industrial Production in Austria is expected to be 1.90 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 1.80 in 12 months time. In the long-term, the Austria Industrial Production is projected to trend around 1.50 percent in 2022 and 2.80 percent in 2023, according to our econometric models.