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Economic overview

Austrian Economy, April 2017

Austrian economy remains on growth path in 2017

  • Revival at the beginning of the year - forecast for GDP growth in 2017 up to 1.8 per cent
  • Inflation of 2.2 per cent in February year-on-year - stabilization expected at 2 per cent in the coming months
  • Retail sales grew by 1.3 per cent in 2016 - more moderate outlook for 2017
  • Labour market has eased thanks to economic growth - the unemployment rate will be determined by the labour supply in 2017
  • Industry off to a strong start to the year - a good augur for sound growth in 2017

 

As of 3 April 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, April 2017

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

Sustained economic upswing provides relief for the Austrian labour market 

  • UniCredit Bank Austria Business Indicator continues to rise in March with a slight increase to 2.7 points, the highest figure since spring 2011
  • Optimism on the rise in all sectors of the Austrian economy: construction and service industries add to positive mood within industry as a whole
  • Strong economic growth seen at start of year set to continue over the coming months
  • GDP growth levels at 6-year high in 2017 at 1.8 percent, slight growth deceleration to 1.5 percent expected for 2018
  • High levels of employment growth and slight increase in labour supply drives unemployment rate down to 8.7 percent in 2017
  • Peak inflation reached: average inflation rate of 1.8 percent expected for 2017

 

as of 14 April 2017.

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

Purchasing Managers' Index Purchasing Managers' Index, March 2017

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

Austria's industrial sector continues to experience strong growth 

  • Bank Austria Purchasing Managers' Index reaches 56.8 points in March
  • Improved order situation and noticeable expansion in production activity with only a slight decrease in momentum since the beginning of the year
  • More jobs: Workforce expansion in March strongest it has been for six years
  • Higher input prices increase the cost burden for companies
  • Growth in production expected in Austria's industrial sector over the next twelve months 

as of  30 March 2017.

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