Austria Economic Outlook
October 23, 2018
Recent data continued to hint at a slight loss of economic momentum in quarter-on-quarter terms in the third quarter. Consumer sentiment and business confidence both averaged lower in Q3 compared to the second quarter. The same was true of the manufacturing PMI, which fell to a near two-year low in September on moderating growth in output and new orders. In addition, industrial output growth slowed to a near one-year low in July on a marked easing of capital goods production. Nonetheless, the external sector continued to perform well in July, in part thanks to buoyant trade with the European Union, resulting in a narrowing of the trade deficit in annual terms. Moreover, the tight labor market should have continued supporting private consumption despite the unemployment rate ticking up in July–August.Austria Economic Growth
Although economic growth is expected to decline from recent highs, it should remain healthy. Private and public expenditure should buttress the economy, with consumers benefiting from a tight labor market which should translate in higher wages. However, souring global trade sentiment poses a downside risk, while labor shortages could constrain growth. The FocusEconomics panel forecasts GDP will grow 2.0% in 2019, which is unchanged from last month’s estimate, and 1.8% in 2020.Austria Economy Data
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Austria Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.63 | 0.40 % | Nov 14 |
| Exchange Rate | 1.13 | 0.65 % | Nov 14 |
| Stock Market | 3,152 | -1.00 % | Nov 14 |
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Austria Economic News
Austria: Consumer confidence inches down in October
October 31, 2018
Sentiment among consumers eased slightly in October, with the index dipping to 9 from 10 in September.
Austria: Austrian economy continues to outstrip the Eurozone average in Q3
October 31, 2018
The wind continued to blow in the sails of Austria’s economy, with the Eurostat’s definition of GDP increasing 0.4% quarter-on-quarter in Q3, according to a flash estimate released by the Austrian Institute of Economic Research on 31 October.
Austria: PMI drops to an over two-year low in October
October 29, 2018
The Purchasing Managers’ Index (PMI), compiled by Bank Austria and released by IHS Markit, dropped to an over two-year low of 53.8 in October from 55.0 in September.
Austria: Industrial production contracts in August
October 25, 2018
Industrial output dropped 1.4% in August over the previous month, a sharper contraction than July’s 0.1% fall.
Austria: PMI drops to near two-year low in September
September 26, 2018
In September, the headline Purchasing Managers’ Index (PMI)—compiled by Bank Austria and released by IHS Markit—reached a near two-year low, declining to 55.0 from 56.4 in August.
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