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Economic overview

Austrian Economy, November 2016

Austria's economy: stronger momentum at year-end

  • Austrian economy gaining momentum - 1.5 per cent GDP growth in 2016 expected
  • Inflation rises to 1.3 per cent in October yoy - the next few months will see a further rise
  • Further expansion of retail sales - 1.5 per cent growth anticipated for 2016
  • Unemployment rate stable at 9.2 per cent - unemployment rate set to rise in 2017 due to an increase in the labour supply
  • Industrial sector gains momentum - Brexit will curb momentum in 2017

 

As of 17 November 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, November 2016

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

Austrian economy gaining momentum towards the end of the year 

  • Higher pace of growth in the Austrian economy: Bank Austria Business Indicator rises to 1.8 points in October, its highest value for three years
  • Economic mood in Austria has improved on a broad scale and the international environment is also more positive
  • 1.5 per cent increase in GDP in 2016 can be attained thanks to a solid final quarter - after 1 per cent in 2015
  • Despite rising inflation, the Asset Purchase Programme of the ECB is expected to be extended - key interest rate will also probably not change in 2017

 

as of 15 November 2016.

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

Purchasing Managers' Index Purchasing Managers' Index, October 2016

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

Industrial activity in Austria gaining momentum

  • Bank Austria Purchasing Managers' Index increases to 53.9 points in October: Industry makes a dynamic start to the fourth quarter of 2016
  • More new and follow-up orders, especially from inside Austria
  • High speed of production expansion continuing
  • Rising raw material prices burdening Austrian companies
  • Good prospects for Austrian industry in the coming months, but uncertainties clouding the outlook for 2017

 

as of  28 October 2016.

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