UniCredit Bank Austria UniCredit Bank Austria
Contact us!
General enquiries
Card blocking
UniCredit Bank Austria UniCredit Bank Austria
Contact us!
OnlineBanking | BusinessNet

Economic overview

Austrian Economy, November 2017

Following strong three quarters, GDP growth of 3 per cent expected in 2017

  • Strong economic growth resumes in 3Q 2017 - on track for strongest growth for 10 years
  • Inflation up to 2.2 per cent yoy in October - inflation rate expected to exceed 2 per cent in 2017 and 2018
  • Retail sales growth moderate - expansion in 2017 expected to be slightly slower than in the previous year
  • Labour market benefits from economic upturn - unemployment rate in 2017 declines for the first time since 2011
  • Austrian industry still on top form - output growth of 5 per cent likely in 2017

 

As of 23 November 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.

UniCredit Bank Austria Business Indicator Austria Business Indicator, April 2018

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

Global economic concerns increasingly burden excellent economy in Austria

  • Following an all-time high at the end  of 2017, the UniCredit Bank Austria Business Indicator continued its downward trend in March with a decline to 4.4 points
  • Excellent mood among consumers and the construction industry, yet marked increase in uncertainty in export-oriented industry
  • Very strong 1st quarter 2018, but risks for economic slowdown have increased
  • Further drop in unemployment, although the improvement on the employment market is starting to lose momentum
  • At 2%, inflation in Austria above the Eurozone average for the tenth year in succession in 2018

 as of 13 April 2018.

     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 2018

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

Austrian industry continues its strong growth trajectory, with the pace of growth stabilising in April

  • Having dropped steadily since its all-time high at the end of last year, the UniCredit Bank Austria Purchasing Managers' Index settled back at 58 points in April
  • Despite a pronounced drop in order growth, production output in Austrian companies is accelerating
  • Job creation rates in April have hit their highest level so far this year
  • Cautious approach to purchasing and inventory management as a result of uncertainties in trade policy and geopolitical tensions
  • Despite the slowdown in industrial activity, growth in output is set to increase by 4.5 per cent in 2018, slightly ahead of the 2017 figure

as of  26 April 2018.

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