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Economic overview

Austrian Economy, September 2016

Stronger growth in the first six months, but Brexit dampens outlook

  • Inflation rate poised to rise
  • Retail sales remain buoyant
  • Renewed rise in unemployment
  • Global factors dampen foreign trade
  • Budget revenue reflects tax reform – higher budget deficit in 2016


As of 2 September 2016.


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, October 2016

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

Austria still on a growth path 

  • Bank Austria's Business Indicator in September remains unchanged at 0.8 points compared with the previous month
  • Improvement in industry offset by a more gloomy mood among consumers
  • Expected growth rate for 2016 therefore unchanged at 1.5 per cent
  • Due to a decrease in domestic demand and a subdued export environment, the rise in GDP in 2017 (1.1 per cent) will be lower than this year
  • Increasing labour supply will also lead to an increase in the unemployment rate to 9.4 per cent in 2017
  • Higher inflation from October onwards due to a trend change in raw material prices


as of 14 October 2016.

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

Purchasing Managers' Index Purchasing Managers' Index, September 2016

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

Austrian industry again gaining momentum - effects of Brexit being surmounted for the first time

  • Bank Austria Purchasing Managers' Index increases  to 53.5 points in September: Industry continuing solid growth
  • More stability abroad improves order situation
  • Output increased thank to improved order situation
  • Industry accelerates pace of job creation
  • Austria's industry on course for an output increase of 2 per cent in 2016: Effects of Brexit can be managed, but are likely to slow down momentum in 2017


as of  29 September 2016.

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