Austria's industrial production fell by 0.3 percent year-on-year in May 2019, compared to downwardly revised 3.8 percent growth in the previous month. It was the first fall since June 2015, as output fell for manufacturing (-2.5 percent vs 1.4 percent in April) and mining & quarrying (-1.0 percent vs -0.2 percent). In addition, production slowed for construction (2.3 percent vs 8.9 percent) and water supply, sewerage, waste management & remediation activities (11.1 percent vs 12.3 percent). On the other hand, electricity, gas, steam & air conditioning supply output advanced faster (11.3 percent from 11.0 percent). On a seasonally adjusted monthly basis, industrial output went down 1.0 percent, following a 2.0 percent drop in April. Industrial Production in Austria averaged 2.68 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.