Austria: Industrial output growth gains momentum in April
Latest reading: Industrial production expanded 2.0% month on month in seasonally adjusted terms in April (March: +0.6% mom s.a.). April’s upturn was primarily driven by stronger output of durable consumer and capital goods.
On an annual basis, industrial output rose at a quicker rate of 3.7% in April (March: +1.1% yoy), the best result since February 2023. Moreover, the trend improved notably, with the annual average variation of industrial production coming in at minus 2.0% in April, up from March’s minus 2.6%.