Latest News

Austria's Production Index Logs Slower Growth On Industrial Slowdown


Read more

Austria’s production index logged a slower growth in October amid a slowdown in the industrial sector and the continued sluggishness in construction activity, Statistics Austria reported Friday.

The production index for industries and construction grew 3.9 percent from last year, following a 5.9 percent rise in September.

Industrial output was up 4.3 percent annually, weaker than the 7.4 percent rise in the previous month. Construction output rose 2.6 percent, following a 1.3 percent gain a month ago.

On a monthly basis, the production index dropped by a seasonally adjusted 0.6 percent in October versus a 1.2 percent fall in September.

Among the main industrial groupings, consumer durable goods gained 7.4 percent, and intermediate goods production advanced 6.3 percent. On the other hand, energy goods output dropped 0.5 percent.

Cryptocurrency Stock News: HIVE (TSXV: HIVE) Provides November Production 2022 Update

Previous article

Lithuania Producer Price Inflation Eases; Trade Deficit Widens

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News