Industrial production in Austria increased 2.8 percent year-on-year in August of 2018 , following an upwardly revised 5 percent rise in July. It is the lowest gain in industrial output since March of 2017 as production slowed for mining and quarrying (7.7 percent compared to 10.4 percent) and manufacturing (2.4 percent compared to 3.3 percent) and fell for energy (-2.2 percent compared to +2.1 percent). On the other hand, output rebounded for water supply and waste management (0.9 percent compared to -2.8 percent). On a monthly basis, industrial output declined 1.4 percent. Industrial Production in Austria averaged 2.57 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.