Industrial production in Austria fell 4.4 percent year-on-year in July of 2020, following a downwardly revised 8.7 percent drop in June and marking the 6th consecutive month of falling output, due to disruptions caused by the coronavirus pandemic. Production fell less for energy (-0.7 percent vs -8.2 percent), capital goods (-6.6 percent vs -17 percent) and non-durable goods (-2.8 percent vs -4.2 percent) but rebounded for durable goods (5.8 percent vs -6.1 percent). On a monthly basis, production jumped 6.1 percent.
Industrial Production in Austria averaged 2.93 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 October 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.