Austrian Industrial Production in a Country Comparison

The annual report compares the development of the industrial production index from 2013 onwards for Austria, Germany, Switzerland and Denmark. While Germany's industrial production declined significantly during this period, Austria's continued to rise, but lagged behind the momentum in Denmark and Switzerland. However, when adjusted for pharmaceutical production, Denmark and Switzerland's lead disappears. Even in energy-intensive manufacturing, no lag can be observed. However, productivity growth in Austria was lower than in Denmark and Switzerland, profitability even lower than in Germany.