BA-CA Purchasing Manager's Index in December:
Industrial sector still steaming ahead at the end of the year, but past its peak
The BA-CA Purchasing Manager's Index consolidated somewhat in December after climbing to a new record in November, slipping back from 58.9 to 57.7.
Holiday Euro Winter 2006:
Higher competitiveness of Austrian holidays reduces value of holiday euro abroad in last five years
The 'holiday euro' of Austrians this year will be worth roughly the same as compared with December 2005. The USA and Asia in particular have become cheaper as holiday countries in comparison to the previous year, which is primarily attributable to the strong euro.
BA-CA Economic Indicator:
Consumption assumes mantle from exports, yet growth still weaker in 2007
In November, the business indicator of Bank Austria Creditanstalt (BA-CA) rose once again, moving from an adjusted 4.1 in October to 4.2. "Despite its already lofty position our indicator continued to rise in November", said Marianne Kager, chief economist at BA-CA.
Sectoral Report of Bank Austria Creditanstalt Economics & Market Analysis: Business is good
Austrian retail trade has expanded this year by roughly 3 percent, generating sales revenue of approximately EUR 46 billion, as revealed by the latest sectoral report published by the economic researchers at Bank Austria Creditanstalt (BA-CA).
BA-CA Purchasing Managers’ Index in November:
Industry picks up the pace again, PMI reaches record high
Austrian industry will be powering full speed ahead until the end of the year. Sitting at 58.9 the PMI rose by another 0.9 points compared to October.
Environment for Bond Markets Remains Constructive
The global economy is showing strong growth for the fourth consecutive year. The key question for the financial markets now boils down to how pronounced the economic downturn will be next year.
BA-CA Business Indictor:
Moving briskly into the new year
In October, the business indicator of Bank Austria Creditanstalt (BA-CA) once again rose, moving from 4.0 to 4.2. According to Marianne Kager, chief economist at BA-CA, one explanation for the rise in the indicator was that “business sentiment hit a level in October that has not been seen in the last 16 years.
South East Europe booming
Amidst a positive international economic environment, Central and Eastern Europe will be able to build on the economic successes of previous years again in 2006.
BA-CA Purchasing Managers' Index in October:
Rising Employment and Sales Prices Confirm Strong Level of Industrial Activity
Although the BA-CA PMI dipped slightly to 58.0 compared to 58.2 in September, it remained at a very high level.
BA-CA Savings Barometer:
For the first time saving for retirement becomes the Number 1 reason for saving in Austria
For the first time, saving for retirement has become the Number 1 reason for Austrians' saving. Saving for retirement and the future was cited by 76.4% of all those asked about their reasons for saving and investing.
Sectoral Report of Bank Austria Creditanstalt Economics Department:
Austrian automobile trade feeling the pinch
The Austrian automobile trade has little growth potential to fall back on. This is revealed by the latest sectoral report published by the economic researchers at Bank Austria Creditanstalt (BA-CA).
BA-CA Business Indicator:
Business Indicator Rises Again Due to External Demand
The business indicator of Bank Austria Creditanstalt (BA-CA) rose from 3.6 to 4.0 in September.
BA-CA Purchasing Managers' Index in September:
Industry steps on the gas
The Purchasing Managers' Index of Bank Austria Creditanstalt (BA-CA) rose strongly again in September to 58.2 compared to 56.3 in August, thus almost topping its record high of 58.4.
Vienna stock market equities: earnings barometer points towards sunshine
It is rather comforting taking a first look at the year 2008, which looks like being the seventh year in a row with rising earnings for the Vienna stock market.
BA-CA Purchasing Managers’ Index in August:
Industry moves into autumn with full order books
The BA-CA Purchasing Managers’ Index once again dipped slightly in August to 56.3 compared to July (57.1), reaching the lowest level since February. Nevertheless, a reading of 56.3 still indicates very brisk industrial production.
BA-CA Economic Indicator:
Economic Indicator Hits Highest Level Since 2000
The Bank Austria Creditanstalt (BA-CA) Group Economics economic indicator rose again in July to 3.8 per cent, the highest level seen since 2000.
BA-CA Purchasing Managers Index in July:
Growing Employment in Industry
After the extremely high level reached in June (58.0), the BA-CA Purchasing Managers' Index has fallen back slightly to 57.1.
Bank Austria Creditanstalt Asset Allocation for Q3 2006:
Risk aversion on the markets has risen
The correction on the international stock markets which started in May continued at the beginning of the third quarter. On the one hand, geopolitical issues have come to the fore again (violence in the Middle East), on the other, the reporting season in the USA has clearly been mixed so far.
ATX on Holiday
The Vienna Stock Exchange is not expected to generate much excitement during the summer months with all indicators pointing to a sideways movement.
Holiday Euro Summer 2006:
Weaker Currencies Raise the Value of the "Holiday Euro"
This year the Austrians' holiday euro will be worth slightly more compared to summer 2005 – although on average by only 1%.
BA-CA Savings Barometer: Austrians save EUR 197 every month
Austrians save their money. Statistically speaking, each and every Austrian, from infants to grandparents, will save EUR 197 per month in 2006.
Cycle of Worldwide Interest Rate Hikes Remains Measured
The policy of the central banks is currently the main factor driving the markets. The main reason for this is fears that the central banks could carry interest rate hikes to excess.
BA-CA Purchasing Managers’ Index in June:
Setting a Brisk Pace: Austrian Industry Offers a Pleasant Surprise
After a slight dip in May the BA-CA Purchasing Managers’ Index rose again appreciably in June – from 56.7 to 58.0. Index readings above 50 indicate growth.
CA IB creates Emerging Europe Real Estate Index (CA IB REX)
CA IB created a new index that reflects the enormous interest in the real estate sector for Emerging Europe investors from around the world: the CA IB Emerging Europe Real Estate Index (CA IB REX).
BA-CA Commentary: How secure is the energy supply in the New Europe?
Over the coming 25 years, the new Member States (NMS) will converge to the EU-15 in terms of energy consumption. The energy intensity of their production will decrease. However, given the current high level, energy consumption of the NMS will remain far above the EU-15 level.
Turkey – investing into the new convergence story
The importance of Turkey as a strategic partner for the EU has again come to the limelight, following the issue of Russian gas exports to the EU through the Ukraine.