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.
Industrial Production in Austria averaged 2.61 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. 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.
Industrial Production in Austria is expected to be 1.10 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 2.30 in 12 months time. In the long-term, the Austria Industrial Production is projected to trend around 2.80 percent in 2021, according to our econometric models.