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Financial News: Austria Production Index Falls In August

Austria Production Index Falls In August

10/23/2020 - 04:13:00 (RTTNews)

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

The production index decreased 3.3 percent year-on-year in August, following a 3.7 percent fall in July.

Industrial production fell 3.6 percent annually in August and construction output decreased 2.1 percent.

On a month-on-month basis, the production index fell 0.6 percent in August, after a 5.6 percent gain in the prior month.

On a monthly basis, industrial production fell 1.0 percent in August, while construction output rose 0.7 percent.

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