Industrial production in Austria slumped 5.1 percent year-on-year in December of 2020, following an upwardly revised 0.4 percent increase in the prior month. It was the steepest decline in industrial activity since June, amid renewed coronavirus restrictions. Production fell for consumer goods (-9.8 percent vs 0.5 percent in November) and capital goods (-4.6 percent vs -3.5 percent). At the same time, output growth slowed for energy (3.1 percent vs 7.5 percent) and intermediate goods (1.4 percent vs 3.1 percent). Considering the full year of 2020, industrial activity plunged 5.8 percent. On a seasonally adjusted monthly basis, industrial production slipped 5.6 percent, the biggest decrease since April. source: Statistik Austria
Industrial Production in Austria averaged 2.85 percent from 1997 until 2020, reaching an all time high of 25.40 percent in January of 1997 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 March of 2021.
Industrial Production in Austria is expected to be 3.50 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 5.20 in 12 months time. In the long-term, the Austria Industrial Production is projected to trend around 5.20 percent in 2022 and 2.80 percent in 2023, according to our econometric models.