Industrial Production in Austria decreased 21.40 percent in April of 2020 over the same month in the previous year.

Industrial Production in Austria averaged 3.06 percent from 1997 until 2020, reaching an all time high of 25.40 percent in January of 1997 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 2020.

Industrial Production in Austria is expected to be -7.20 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 4.50 in 12 months time. In the long-term, the Austria Industrial Production is projected to trend around 5.20 percent in 2021 and 2.80 percent in 2022, according to our econometric models.

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Austria Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-21.40 -9.60 25.40 -21.40 1997 - 2020 percent Monthly
2015=100, WDA

Calendar GMT Actual Previous Consensus TEForecast
2020-03-25 08:00 AM Jan 1.2% -3% -4.6%
2020-04-24 07:00 AM Feb -2.3% 1.7% 0.5%
2020-05-25 07:00 AM Mar -12.1% -2.8% -3.5%
2020-06-25 07:00 AM Apr -21.4% -9.6% -15%
2020-07-24 07:00 AM May -21.4%
2020-08-25 07:00 AM Jun -8.5%
2020-09-25 07:00 AM Jul
2020-10-23 07:00 AM Aug

News Stream
Austria Industrial Output Falls the Most in Nearly 11 Years
Industrial production in Austria plunged 12.1 percent year-on-year in March 2020, following an upwardly revised 2.8 percent fall in the previous month. It was the largest drop in industrial output since May 2009, amid factories closures and lockdowns due to the coronavirus pandemic. Output shrank further for intermediate goods (-5.5 percent vs -1 percent in February); consumer goods (-13 percent vs -5.5 percent), of which durables (-13 percent vs -5.5 percent) and non-durables (-1.6 percent vs 0.5 percent); and capital goods (-27.1 percent vs -10.3 percent). Meanwhile, energy production dropped at a softer pace (-14.4 percent vs -16 percent). On a seasonally adjusted monthly basis, industrial output declined 9.5 percent, following a 2.7 percent fall in the prior month.
Austria Industrial Output Rebounds in January
Industrial production in Austria rose 1.2 percent from a year ago in January of 2020, following a downwardly revised 3 percent decline in the previous month. This was the first increase in industrial activity since last September and the strongest since July of last year. Output recovered for energy (0.5 percent vs -4.3 percent in December); intermediate goods (0.4 percent vs -6.2 percent) and consumer goods (0.3 percent vs -1.6 percent) while it fell for capital goods (-0.6 percent vs -6.7 percent), namely non-durable capital goods (-1.3 percent vs 2.4 percent). On a seasonally adjusted monthly basis, industrial production advanced 4 percent, after shrinking 0.2 percent in the prior month.
Austria Industrial Output Falls the Most in 10 Years
Industrial production in Austria declined 5.3 percent year-on-year in December of 2019, marking the 4th straight decline and the steepest since October of 2009. Production of durable goods slumped 16.8 percent (vs -2.7 percent in November), and the output fell 10.1 percent for capital goods (vs -3.6 percent) and 4.2 percent for energy (vs -4.1 percent). On a monthly basis, industrial output went down 2 percent.
Austria Industrial Output Falls the Most since 2014
Austria's industrial production declined 2.1 percent from a year earlier in November 2019, following a downwardly revised 0.8 percent fall in the previous month. This was the third consecutive month of downturn in factory activity and to the greatest extent since November 2014. Output fell in all categories, namely energy (-4.1 percent vs -5.9 percent in October); intermediate goods (-7 percent vs -3.5 percent); capital goods (-3.6 percent vs -1.1 percent) and consumer goods (-2.7 percent vs -1.7 percent). On a seasonally adjusted monthly basis, industrial output declined 1.7 percent, the most since last April, after an upwardly revised 0.8 percent rise in the previous month.

Austria Industrial Production
In Austria, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector (69 percent of total production) including: machinery and equipment (9 percent); basic metals (6 percent); food products (6 percent); motor vehicles, trailers and semi-trailers (6 percent); fabricated metal products, except machinery and equipment (6 percent); and electrical equipment (5 percent). Electricity, gas, steam and air conditioning supply account for 15 percent of total output followed by construction (13 percent), water supply, sewerage and waste management (2 percent) and mining and quarrying (1 percent).