Industrial production in Austria jumped 8.2 percent year-on-year in January of 2019, after an upwardly revised 4.4 percent rise in the prior month. It is the largest gain in industrial activity since January 2011, as output grew solidly for electricity, gas, steam & air conditioning supply (16.1 percent vs 14.6 percent in December); manufacturing (6 percent vs 1.3 percent in January) and mining & quarrying (10.9 percent vs 13.8 percent). Meanwhile, production slowed for water supply, sewerage, waste management & remediation activities (7.7 percent vs 11.6 percent). On a seasonally adjusted monthly basis, industrial production advanced 1.9 percent, following a revised 1.3 percent gain in December. Industrial Production in Austria averaged 2.65 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 3.10 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 2.80 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.