Austria: Industrial activity deteriorates in March
Industrial output fell 0.8% in month-on-month seasonally adjusted terms in March, which contrasted February’s 0.1% increase. Looking at the details of the release, capital goods and intermediate goods output swung to contraction in March. Meanwhile, production of non-durable consumer goods and durable consumer goods rebounded.
On an annual basis, industrial production nosedived 5.5% in March (February: -7.6% yoy). That said, the trend pointed down, with the annual average variation of industrial production coming in at minus 2.0% in March, down from February’s minus 1.4%.