Austria's industrial production jumped 35.9 percent year-on-year in April 2021, the largest annual increase on record, reflecting a continued economic recovery and the low base effect. In April 2020, most factories were closed due to a coronavirus lockdown. Output growth was recorded for manufacturing (41.0 percent vs 14.0 percent); construction (37.3 percent vs 22.6 percent); electricity, gas, steam and air conditioning supply (22.6 percent vs -3.0 percent); and mining and quarrying (21.1 percent vs 15.1 percent). On a monthly basis, industrial production increased by 1.7 percent in April. source: Statistik Austria
Industrial Production in Austria averaged 2.99 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 June of 2021.
Industrial Production in Austria is expected to be 9.50 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.