Economic traffic light switches to (light) green
"The UniCredit Bank Austria Business Indicator rose to minus 1.5 points in July, its best figure in two and a half years," says UniCredit Bank Austria Chief Economist Stefan Bruckbauer, adding: "The mood in the Austrian economy brightened at the start of the second half of the year. A slightly improved order situation and higher production and sales expectations reinforced the chances of at least a slight upturn in the economy in the coming months, supported by domestic demand. However, there are no signs of strong growth yet in view of the uncertainties in foreign trade."
- The UniCredit Bank Austria Business Indicator rose to minus 1.5 points in July, its best result in two and a half years
- The mood improved in all economic sectors despite the uncertain export environment
- The slight tailwind for the economy in the second half of the year should push GDP back into positive territory for 2025 as a whole
- Stronger domestic demand should ensure economic growth of 1.1 percent in 2026.
- The challenges on the labor market are easing only slowly: unemployment rate of 7.5 percent expected for 2025 and 2026
- Prices for services, food, and energy will allow only a slight easing of inflation in the second half of the year. Inflation will remain at an annual average of at least 2.9 percent in 2025.
- Further interest rate cuts by the ECB are becoming increasingly unlikely
UniCredit Bank Austria Business Indicator (PDF)
UniCredit Bank Austria Business Indicator – Computation method (PDF)
as of August, 2025
About UniCredit Bank Austria Business Indicator
The UniCredit Bank Austria Business Indicator provides an overview of the current economic situation in Austria.
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