Austrian Production Index Growth Slows In May

Austria’s production index grew at a softer pace in May, as industrial production and construction output increased, data from Statistics Austria showed on Friday.

The production index increased 23.4 percent year-on-year in May, after a 33.8 percent rise in April.

Industrial production gained 24.2 percent annually in May and construction output rose 21.0 percent.

On a month-on-month basis, the production index remained unchanged in May, after a 0.3 percent increased in the prior month.

On a monthly basis, industrial production increased 0.3 percent in May, while construction output declined 0.8 percent.

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