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Economic overview

Austrian Economy, May 2017

Austrian economy remains on growth path in 2017

  • Strong first quarter - growth of 1.8 per cent in 2017 higher than in the previous year
  • Inflation rises to 2.1 per cent in April yoy - expected to stabilise at around 2 per cent in the forthcoming months
  • Retail sales up only slightly in the first quarter - outlook for 2017 as a whole more moderate than in 2016
  • Labour market benefits from economic upturn - unemployment rate in 2017 declines for the first time since 2011
  • Significant growth in exports in early 2017 - global upturn supports revival in 2017

 

As of 17 May 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, May 2017

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

Stronger tailwind from abroad for Austria's economy 

  • UniCredit Bank Austria Business Indicator is at its highest in six years after an increase to 2.9 points
  • Support thanks to an improved global climate
  • Optimism in all economic sectors exceeds the actual economic situation
  • Strong first half of 2017 raises economic growth over the entire year to 1.8 percent
  • Employment market benefits from upturn - unemployment rate sinks for the first time since 2011

 

as of 15 May 2017.

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

Purchasing Managers' Index Purchasing Managers' Index, April 2017

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

Austrian industry has recorded its strongest growth in six years 

  • In April, UniCredit Bank Austria Purchasing Managers' Index rose to 58.1 points, its highest value in six years
  • Industrial firms have increased their rate of production expansion following a significant rise in new orders at home and abroad
  • The industry is still in full force as a job creator
  • Pricing power is improving but drastic increases in input prices are still putting pressure on operating revenues
  • Increasing European support has made for good prospects: industry growth is set to increase by at least 3 percent in 2017 

as of  27 April 2017.

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