Austria Economic Forecast

Austria Economic Outlook

February 26, 2019

A preliminary release of national accounts data showed that the Austrian economy decelerated rapidly in the final quarter of last year, halving from the third quarter on softening domestic and external demand. Private consumption remained robust but public expenditure and fixed investment growth eased. The general weakening of momentum in Europe likely affected Austria’s external sector as reflected by a deceleration in exports growth in the quarter. Early data for the first quarter of this year, meanwhile, paints a mixed picture. Consumer sentiment fell deeper into pessimistic territory in January on less rosy views of the economy in the year ahead. On the other hand, the manufacturing PMI continued to indicate improving business conditions, while business sentiment regarding production expectations turned neutral in January.

Austria Economic Growth

Austria’s economy is expected to continue growing at a robust pace this year despite moderating somewhat. Domestic demand should buttress the economy on the back of accelerating public expenditure growth and resilient private consumption and fixed investment. However, the outlook is clouded by lingering trade tensions and a possible prolonged slowdown in European economies, which would dent export growth. The FocusEconomics panel forecasts GDP will grow 1.8% in 2019, which is down 0.1 percentage points from last month’s estimate, and 1.6% in 2020.

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Austria Facts

Bond Yield0.380.40 %Mar 11
Exchange Rate1.120.65 %Mar 11
Stock Market2,948-1.00 %Mar 11

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