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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, January 2018

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

Austria's economy begins 2018 with plenty of momentum

  • UniCredit Bank Austria Business Indicator rises to a new all-time high of 5.0 points
  • The mood in industry and export and consumer confidence are at their highest level for more than 10 years
  • A good start to the year means economic growth of around 2.5 percent can be expected in 2018
  • Inflation in Austria will exceed 2 percent in 2018, above the comparable figure for the rest of the Eurozone for the tenth year in succession
  • Interest rate rise by the ECB is not expected until 2019 at the earliest

 as of 15 January 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, January 2018

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

Austria's industry has the strongest start to the year for twenty years

  • UniCredit Bank Austria Purchasing Managers' Index continues to signal a high level of industrial growth, with 61.3 points in January
  • Strong increase of production output despite slightly more moderate order growth in January
  • Employment growth continues, but at a slower pace
  • High, but declining cost dynamics in purchasing and increased prices in sales mean that, overall, Austrian companies are experiencing a slight improvement in earnings
  • Continuing optimism in Austria's industry: An anticipated increase in production of about 4 per cent in 2018

as of  29 January 2018.

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