Industrial production in Austria increased 4.5 percent year-on-year in April of 2019, easing from an upwardly revised 7.7 percent rise in the previous month. It was the smallest annual gain in industrial activity since December 2018, as output slowed for manufacturing (2.4 percent vs 6.5 percent in March) and for water supply, sewerage, waste management & remediation activities (11.1 percent from 15.3 percent). In addition, mining & quarrying production fell sharply (-0.7 percent vs 12.5 percent). On the other hand, electricity, gas, steam & air conditioning supply output advanced faster (14.9 percent from 7.2 percent in March). On a seasonally adjusted monthly basis, industrial output went down 1.4 percent, following a 0.3 percent drop in March. 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 5.20 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 3.00 percent in 2020, according to our econometric models.