Mixed mood stabilization
“The Austrian economy has found its way out of recession in 2025 and is slowly starting to recover after a stabilization phase,” says UniCredit Bank Austria economist Walter Pudschedl, adding: “Sentiment in the domestic economy has improved in all economic sectors over the course of 2025. The UniCredit Bank Austria economic indicator fell marginally to minus 1.4 points in November, but this still reflects a pessimistic mood and emphasises the still fragile economic trend.”
- The UniCredit Bank Austria Business Indicator fell marginally to minus 1.4 points in November
- Improved sentiment in industry amid stable export environment, but decline in construction and services
- Domestic demand in Austria should ensure GDP growth of 1.0 percent in 2026/27 and 1.5 percent in 2027, despite fiscal constraints. Burden from foreign trade is expected to decrease
- Unemployment rate expected to decline to 7.4 percent in 2026 and 7.3 percent in 2027, supported by demographic effects
- Inflation slowly calms down to an average of 2.4 percent in 2026 and 2.0 percent in 2027
- The ECB remains on hold
UniCredit Bank Austria Business Indicator (PDF)
UniCredit Bank Austria Business Indicator – Computation method (PDF)
as of December, 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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