Industrial production in Austria rose 5 percent year-on-year in October of 2018, up from an upwardly revised 3.5 percent increase in the previous month. It was the highest growth in industrial activity since June, as output rose faster for both manufacturing (4.2 percent from 2 percent in September) and electricity, gas, steam & air conditioning supply (8.4 percent from 2 percent). On the other hand, production slowed for water supply, sewerage, waste management & remediation activities (1.3 percent from 9 percent). On a seasonally adjusted monthly basis, industrial output went up 1.3 percent, higher than an upwardly 0.8 percent gain in September. Industrial Production in Austria averaged 2.60 percent from 2001 until 2018, 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 4.00 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 3.20 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.