Latest reading: Industrial output expanded 8.9% in year-on-year terms in July (June: +7.2% yoy), marking the fastest growth rate since...
Industrial Production in Austria
The Austrian economy recorded an average industrial production growth rate of 1.9% in the decade to 2024. In 2024, industrial production growth was -4.2%. For more industry information, visit our dedicated page.
Austria Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Austria from 2024 to 2023.
Source: Macrobond.
Austria Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -5.3 | 9.1 | 5.7 | 0.5 | -4.1 |
Industrial output growth eases in July
Latest reading: Industrial output rose 0.8% in month-on-month seasonally adjusted terms in July, which followed June's 0.9% increase. The deceleration was chiefly driven by weaker durable consumer goods output. In addition, non-durable consumer goods output lost pace. On an annual basis, factory output grew 1.8% in July, which was below June’s 2.0% expansion. Meanwhile, the trend improved, with the annual average variation of industrial production coming in at an over one-year high of minus 0.4%, up from June's minus 0.8%.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Austrian industry projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Austrian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Austrian industry projections.
Want to get access to the full dataset of Austrian industry forecasts? Send an email to info@focus-economics.com.
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