Industrial production in Austria surged 9.1 percent year-on-year in April of 2022, accelerating from an upwardly revised 7.4 percent gain in the previous month. It was the strongest growth in industrial activity since January, underpinned by energy production (53.8 percent vs 39.5 percent in March), particularly electricity, gas, steam and air conditioning supply (+59.5 percent), manufacture of coke and refined petroleum products (+38 percent) and the extraction of crude oil and natural gas (+31.5 percent). Also, output advanced at a faster pace for capital goods (4.8 percent vs 1.8 percent), intermediate goods (6.2 percent vs 6 percent) and consumer non-durables (5.5 percent vs 3.2 percent). Meanwhile, production eased sharply for consumer durables (8.1 percent vs 17.5 percent). On a seasonally adjusted monthly basis, industrial output rose 1.6 percent, easing from an upwardly revised 1.9 percent growth in March. source: Statistik Austria
Industrial Production in Austria averaged 3.26 percent from 1997 until 2022, reaching an all time high of 34.40 percent in April of 2021 and a record low of -21.40 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 July of 2022.
Industrial Production in Austria is expected to be 1.80 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 2023 and 2.80 percent in 2024, according to our econometric models.