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Economic overview

Austria Up-to-date, September 2018

Austria Up-to-date

The information provided by Bank Austria in our publication “Austria Up-to-date” 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 analyzed in this report.

In the current issue you will find:
  • Domestic demand drives solid economic growth
  • Dynamic first half of 2018 - almost 3% growth in 2018
  • Unemployment rate at 7.8% in August - only moderate improvement in sight
  • Inflation picks up slightly - inflation will remain above 2% in 2018
  • Budget implementation in plan - tax reform 2020 is taking shape

As of September 2018.

Focus Austria

Every six months, "Focus Austria" offers a comprehensive analysis of the economic trends in Austria with special consideration of structural conditions. The publication provides an overview of the past year and offers an outlook on the developments expected in the current year and the following year. In addition to the current economic situation, the Austrian business location is assessed.

As of August 2018.

 

UniCredit Bank Austria Business Indicator Austria Business Indicator, September 2018

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

Economic outlook for Austria remains favourable despite global risks

  • UniCredit Bank Austria Business Indicator reaches 3.5 points again in August: Decline seen in the first half of 2018 comes to an end
  • Economic growth stabilises at around 2.5 per cent in the second half of the year thanks to sustained strong domestic demand and a slight renewal of strength in exports
  • After expected economic growth of 2.8 per cent in 2018, Austria will remain on the fast track in Europe in 2019: At 2 per cent, an above-average increase in GDP is expected for the third year in a row
  • Trend of improvement in the labour market falters: Strong employment trend cannot fully keep pace with increase in labour force potential
  • Inflation remains higher than in Germany in 2018 and 2019 at 2.2 and 2.0 per cent, respectively: Loss of around 5 per cent in price competitiveness compared to Germany since 2009

 as of 14 September 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, September 2018

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

Austrian industry with less momentum at the beginning of autumn

  • UniCredit Bank Austria Purchasing Managers’ Index drops to 55.0 points in September, its lowest level for almost two years, despite continued strong growth
  • Low export growth slows down expansion of production
  • Employment growth remains robust and even increases slightly
  • Strong increase in purchase prices weighs on earnings situation of Austrian companies
  • Trade conflict between the US and China and political uncertainities cloud prospects: Medium-term expectations fall significantly, but remain optimistic

as of  26 September 2018.

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