Producer prices in Austria fell 0.2 percent year-on-year in July of 2019, unchanged from the previous month. It was the second consecutive decrease in producer prices, as cost fell for energy (-2.4 percent vs -1.9 percent in June) and intermediate goods (-0.6 percent, the same as in June). On the other hand, prices advanced faster for capital (1.1 percent vs 1.0 percent) and consumer goods (1.2 percent vs 1.1 percent. On a monthly basis, producer prices went up 0.2 percent, rebounding from a 0.4 percent drop in June. Producer Prices Change in Austria averaged 0.95 percent from 2001 until 2019, reaching an all time high of 5.47 percent in December of 2010 and a record low of -3.20 percent in July of 2009.
Producer Prices Change in Austria is expected to be -0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Austria to stand at 1.30 in 12 months time. In the long-term, the Austria Producer Prices Change is projected to trend around 1.10 percent in 2020, according to our econometric models.