Growth in Production Is Slowing Down

BusinessEconomy ♦ Published: July 25, 2011; 13:24 ♦ (Vindobona)

Production index in May 2011: +6.7% compared to May 2010, +0.3% against April 2011.

Growth in Production Is Slowing Down / Picture: © Vindobona.org

According to calculations by Statistics Austria, the working-day-adjusted production index for industries and construction increased by 6.7 % in May 2011 against May of the previous year. In March and April the corresponding rates were 9.5% and 9.7%, respectively. Compared to April 2011 the index increased by 0.3% (seasonally adjusted).

A comparison with April 2011 shows the…