Austria's industrial production rose 1.9 percent from a year earlier in February of 2021, recovering from a downwardly revised 3.6 percent slump in the previous month. It was the strongest increase in industrial activity since July of 2019, as output grew sharply for electricity supply (12.7 percent vs 2.6 percent in January). In addition, production rebounded for mining (5.3 percent vs -6 percent); manufacturing (0.7 percent vs -3.5 percent) and construction (3.5 percent vs -5.3 percent). Conversely, water supply, sewage, waste management and remediation activities posted another decline (-12.2 percent vs -14.6 percent). On a monthly basis, industrial production rose 3.7 percent. source: Statistik Austria
Industrial Production in Austria averaged 2.84 percent from 1997 until 2021, 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 May of 2021.
Industrial Production in Austria is expected to be 2.50 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 2.20 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.