Austria Economic Outlook
April 30, 2019
Growth in the Austrian economy likely maintained a steady current amid mixed data. Consumers turned slightly more pessimistic in Q1 than they were in the final months of last year. Moreover, the unemployment rate rose to an over one-year high in February. Although these factors likely dragged on private consumption in the quarter, weaker inflationary pressures should have aided spending somewhat. Indeed, retail sales growth picked up in the first two months of the year while new car registrations jumped in Q1 over Q4 2018. Looking at the business sector, despite moderating slightly from the previous quarter, confidence among firms remained elevated through March. Furthermore, industrial production data was surprisingly strong in January and February but with manufacturing PMI data showing a contraction in April, output growth is likely to soften in subsequent months.Austria Economic Growth
The economy is seen losing a step this year, although the pace of expansion is expected to remain solid. Domestic demand should buttress growth as public expenditure picks up and private consumption remains robust. The contribution of the external sector will likely ease amid global trade tensions and moderating activity across Europe. The FocusEconomics panel forecasts GDP will grow 1.7% in 2019, which is unchanged from last month’s estimate, and 1.6% in 2020.Austria Economy Data
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Austria Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.24 | 0.40 % | May 13 |
| Exchange Rate | 1.12 | 0.65 % | May 13 |
| Stock Market | 3,010 | -1.00 % | May 13 |
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Austria Economic News
Austria: Domestic demand keeps economic growth steady in Q1
April 30, 2019
The economy kept pace in the first quarter of 2019 according to a preliminary release, growing 0.3% over the previous quarter and matching the result of the fourth quarter.
Austria: Business conditions in Austria deteriorate in April
April 26, 2019
Austria’ manufacturing sector began the second quarter on a sour note with the Bank Austria Purchasing Managers’ Index (PMI) dropping to 49.2 in April from a neutral reading of 50.0 in March.
Austria: Growth in industrial production decelerates
April 25, 2019
Industrial production in Austria increased 0.6% month-on-month in February, slightly below January’s revised 0.7% expansion (previously reported: +1.9% month-on-month).
Austria: Consumers remain pessimistic as first quarter ends
April 24, 2019
Sentiment among consumers rose from minus 2 in February to minus 1 in March.
Austria: Business conditions in Austria stagnate in March
March 27, 2019
At the close of the first quarter, business conditions in Austria’s manufacturing sector stagnated.
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