Current Account in Austria
Austria - Current AccountA 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 - Current Account Data
|Current Account (% of GDP)||1.9||2.5||1.9||2.1||1.9|
5 years of economic forecasts for more than 30 economic indicators.
Austria Current Account Chart
Source: Austrian National Bank and FocusEconomics calculations.
|Bond Yield||0.38||0.40 %||Mar 11|
|Exchange Rate||1.12||0.65 %||Mar 11|
|Stock Market||2,948||-1.00 %||Mar 11|
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February 26, 2019
Business conditions in the Austrian manufacturing sector improved at the slowest pace in over three years in February, with the Bank Austria Purchasing Managers’ Index (PMI) dropping from 52.7 in January to 51.8.
February 25, 2019
Industrial production in Austria contracted 0.2% over the prior month in December, up from a revised 1.1% drop in November (previously reported: -2.4% month-on-month).
January 30, 2019
According to a preliminary estimate, the Austrian economy grew 0.2% in the fourth quarter over the previous quarter, down noticeably from the 0.4% expansion recorded in the third quarter.
January 30, 2019
Consumer sentiment dropped to minus 2 in January, from a revised minus 1 in December (previously reported: +9).
Austria: Weakening foreign demand spearheads loss of steam in Austria’s manufacturing sector in January
January 29, 2019
Business conditions in the Austrian manufacturing sector improved at the softest pace in nearly two-and-a-half years in January, with the Bank Austria Purchasing Managers’ Index (PMI), released by IHS Markit, easing to 52.7 from 53.9 in December.