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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, February 2017

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

Economic upswing in Austria gathers momentum 

  • At 2.6 points, the Bank Austria Business Indicator is at its highest value since summer 2011, and is therefore clearly back on an upward trend
  • There is widespread improvement in the economic mood, with the construction industry and the services sector being especially optimistic
  • Strong growth is expected for the first quarter of 2017
  • 2017 should herald more growth than the previous year, with a GDP forecast of +1.6 percent and further upside potential thanks to continued consumer spending and more favourable export prospects
  • Unemployment is predicted to rise back up to 9.3 percent in 2017

 

as of 15 February 2017.

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

Purchasing Managers' Index Purchasing Managers' Index, January 2017

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

Dream start for Austrian industry in 2017

  • Best start to the year since 2011: Bank Austria Purchasing Managers' Index increases to 57.3 points in January 2017
  • Rapid expansion of production due to continued strong growth in new orders
  • Increased cost pressure for Austrian companies
  • Good prospects: results of the survey of production expectations at an all-time high - Austrian companies anticipating substantial expansion of production in the next twelve months

 

as of  30 January 2017.

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