Industrial production in Austria were down by 0.4% year-on-year in March 2023, following a downwardly revised 5.5% increase in the previous month. It was the first decline in industrial activity since February 2021, dragged down mainly by decreases in energy (-9% vs 14.2% in February) and intermediate goods (-4.4% vs -4.3%). Also, production grew at a slower pace for capital goods (5.6% vs 9.6%) and consumer durables (5.9% vs 8%). On a seasonally adjusted monthly basis, industrial output dropped by 3.3%, reversing a downwardly revised 3.3 percent gain in February. source: Statistik Austria
Industrial Production in Austria averaged 3.29 percent from 1997 until 2023, reaching an all time high of 33.80 percent in April of 2021 and a record low of -21.50 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 June of 2023.
Industrial Production in Austria is expected to be -4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Austria Industrial Production is projected to trend around 2.50 percent in 2024 and 1.80 percent in 2025, according to our econometric models.