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Financial News: Austria Production Index Decline At A Softer Pace

Austria Production Index Decline At A Softer Pace

07/24/2020 - 04:50:00 (RTTNews)

(RTTNews) - Austria's production index declined at a softer pace in May, amid a fall in both industrial production and construction output, data from Statistics Austria showed on Friday.

The production index decreased 13.5 percent year-on-year in May, following a 21.3 percent fall in April.

Industrial production fell 15.0 percent annually in May, and construction output decreased 8.5 percent.

On a month-on-month basis, the production index grew 9.2 percent in May, after a 14.8 percent fall in the prior month.

On a monthly basis, industrial production fell 15.4 percent in May and construction output declined 13.1 percent.

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