Current Account in Austria

Austria Current Account | Economic News & Forecasts

Austria - Current Account

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 - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)1.9  2.5  1.9  2.1  1.9  

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Austria Current Account Chart

Austria Current Account
Note: Current account balance as % of GDP.
Source: Austrian National Bank and FocusEconomics calculations.

Austria Facts

Bond Yield0.240.40 %May 13
Exchange Rate1.120.65 %May 13
Stock Market3,010-1.00 %May 13

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