Austria's industrial production grew 1.3 percent year-on-year in June 2019, following an upwardly revised 0.4 percent fall in the previous month. The reading reflected solid rises in electricity, gas, steam & air conditioning supply (10.9 percent vs 11.3 percent in May); water supply, sewerage, waste management & remediation activities (17.1 percent vs 11.2 percent) and construction (5.0 percent vs 2.5 percent). On the other hand, output declined for mining & quarrying (-9.6 percent vs -2.7 percent) and manufacturing (-1.2 percent vs -2.6 percent). On a seasonally adjusted monthly basis, industrial production increased 0.5 percent, after a downwardly revised 0.9 percent decrease in the prior month. Industrial Production in Austria averaged 2.67 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 5.30 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 4.00 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.