Austria's industrial production increased by 9.7 percent year-on-year in July of 2021, following an upwardly revised 16.1 percent jump in June, reflecting the reopening of economic activity and the low base year effect. Output growth slowed markedly in manufacturing (9.4 percent vs 16.8 percent); while production continued to rise notably in mining & quarrying (25.2 percent vs 27.4 percent); electricity, gas, steam and air conditioning supply (15.1 percent vs 12.1 percent); and construction (13.6 percent vs 19.1 percent). Conversely, water supply, sewage, waste management and remediation activities posted another contraction (-33.9 percent vs -20.6 percent). On a seasonally adjusted monthly basis, industrial production edged 0.3 percent lower. source: Statistik Austria
Industrial Production in Austria averaged 3.09 percent from 1997 until 2021, reaching an all time high of 33.80 percent in April of 2021 and a record low of -21.20 percent in April of 2020. This page provides the latest reported value for - Austria Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Austria Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Industrial Production in Austria is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Austria Industrial Production is projected to trend around 1.50 percent in 2022 and 2.80 percent in 2023, according to our econometric models.