Industrial production in Austria rose 5.9 percent year-on-year in February 2019, following a downwardly revised 6.7 percent gain in the previous month. Output growth slowed for electricity, gas, steam & air conditioning supply (2.1 percent compared to 12 percent in January); and water supply, sewerage, waste management & remediation activities (7.3 percent compared to 10.5). Meanwhile, production went up further for manufacturing (5.2 percent compared to 4.6 percent) and mining & quarrying (23.9 percent compared to 20.3 percent). On a seasonally adjusted monthly basis, industrial production advanced 0.6 percent. Industrial Production in Austria averaged 2.66 percent from 2001 until 2019, reaching an all time high of 11.10 percent in January of 2001 and a record low of -15.20 percent in May of 2009.
Industrial Production in Austria is expected to be 3.60 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 2.80 in 12 months time. In the long-term, the Austria Industrial Production is projected to trend around 3.00 percent in 2020, according to our econometric models.