Austria: Industrial output deteriorates in November
Latest reading: Industrial production decreased 0.6% month on month in seasonally adjusted terms in November (October: +0.1% mom s.a.), marking the third contraction in the last four months. Looking at the details of the release, the downturn reflected a sharp contraction in durable consumer goods production. That said, capital and non-durable goods staged a rebound.
On an annual basis, industrial output fell 2.7% in November (October: -2.5% yoy), marking the worst result since June. Meanwhile, annual average variation of industrial production was stable at October’s 2.9% in November.