Industrial production in Austria increased 2.3 percent year-on-year in July of 2019, following an upwardly revised 2.1 percent rise in the previous month. Output advanced faster for both electricity, gas, steam & air conditioning supply (15 percent vs 12 percent in June) and water supply, sewerage, waste management & remediation activities (21.9 percent vs 18.2 percent). Meantime, production continued to fall for manufacturing (-0.4 percent vs -0.2 percent) and mining & quarrying (-10.1 percent, the same as in June). On a seasonally adjusted monthly basis, industrial production went up 0.3 percent, after an upwardly revised 1 percent gain in June. Industrial Production in Austria averaged 2.67 percent from 2001 until 2019, reaching an all time high of 11.10 percent in January of 2001 and a record low of -15.20 percent in May of 2009.
Industrial Production in Austria is expected to be 5.30 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 4.00 in 12 months time. In the long-term, the Austria Industrial Production is projected to trend around 3.00 percent in 2020, according to our econometric models.