Austria: Industrial output falls at softer pace in August
Industrial output decreased 0.6% month-on-month in seasonally-adjusted terms in August (July: -1.2% mom). The softer drop in output came on the back of stronger growth in intermediate goods offsetting contractions in capital and durable consumer goods.
On an annual basis, industrial output rose 8.6% in August, which was below July’s 8.8% expansion and marked the worst result since February. Meanwhile, annual average industrial production growth rose to 7.3% in August (July: +6.4%). This signals an improving trend in the industrial sector.