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Economic overview

Austrian Economy, January 2017

Recovery of the Austrian economy set to continue in 2017

  • Tangible revival towards year-end - economic momentum will be maintained in 2017
  • Upward trend in inflation continues - the next few months will see a further rise
  • Further expansion of retail sales - 1.5 per cent growth anticipated for 2016
  • Unemployment rate improves at year-end - slight rise in unemployment expected for 2017
  • Industry rallied at year-end - sound industrial growth continues in early 2017


As of 3 January 2017.


The information provided by Bank Austria on the Austrian economy also includes current economic forecasts and the most recent data for key indicators, in some cases in the form of charts. The key indicators are supplemented by regular comments, and their impact on the forecast is analysed in a report on the Austrian economy.

To download the current issue in PDF format, click on the symbol to the right.

Bank Austria Business Indicator Austria Business Indicator, December 2016

The Bank Austria Business Indicator provides an overview of the current economic situation in Austria.

Marked recovery at the end of the year - economy will retain its momentum in 2017 

  • Bank Austria Business Indicator now standing at 1.9 points, the highest level since summer 2011
  • The best comes at the end: highest rate of economic growth in 2016 in the fourth quarter
  • GDP in 2016 will rise to 1.5 per cent due to a buoyant end to the year
  • Good start to the new year: economic forecast for 2017 increased to 1.6 per cent
  • Stronger economy will slow down the supply-induced increase in the unemployment rate to 9.3 per cent in 2017
  • Raw material prices will lead to a pronounced increase in the rate of inflation to 1.8 per cent in 2017


as of 15 December 2016.

     The current Bank Austria Business Indicator is now available for download (to the right) in PDF format.

Purchasing Managers' Index Purchasing Managers' Index, December 2016

The Bank Austria Purchasing Managers' Index offers an evaluation of the economic situation of Austrian industry by selected purchasing managers.

The year ends on a high note as Austria's industrial sector rallies strongly at the end of 2016

  • The Bank Austria Purchasing Managers' Index grows at its fastest rate for more than five years, reaching 56.3 points
  • Large increases in new orders as Austrian firms ramp up production
  • After two years of decline, the industrial sector has created jobs once again in 2016
  • Hikes in the prices of raw materials and a weaker euro put mounting pressure on costs
  • Industrial sector to continue to grow strongly at the start of 2017, but risks dampen future prospects


as of  29 December 2016.

 The current Bank Austria Purchasing Managers' Index is now available for download (to the right) in PDF format.