Exchange Rate in Austria
Austria - Exchange Rate
The economy is forecast to contract at a steep pace in the second quarter due to Covid-19. On the domestic front, unemployment is projected to rise further, which, combined with souring consumer sentiment, will suppress private consumption. Moreover, business activity will be dragged by deteriorating confidence and worsening operating conditions through May despite the gradual lifting of lockdown restrictions. On the external front, weak demand abroad bodes poorly for Austrian exports. This follows a first quarter in which the economy contracted at the sharpest pace since current records began in 1996 as the global pandemic took its toll on private consumption, fixed investment and exports. Household expenditure, in particular, shrank at the quickest pace in over two decades. Moreover, business outlays declined as private-sector activity ground to a halt, while the global lockdown extinguished foreign demand.Austria - Exchange Rate Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Austria Exchange Rate Chart
Source: Thomson Reuters.
Austria Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.03 | 0.40 % | Jan 01 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Austria: Manufacturing operating conditions contract at softer pace in June
June 26, 2020
Manufacturing operating conditions contracted at a softer pace in June, with the UniCredit Bank Austria Manufacturing Purchasing Mangers’ Index (PMI) rising to a four-month high of 46.5 from 40.4 in May.
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Austria: Industrial activity nosedives in April
June 25, 2020
Industrial output decreased 15.1% in month-on-month terms in April, which was a larger contraction than March's 7.0% decrease.
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Austria: Consumer confidence ticks up in May but remains deeply pessimistic
May 29, 2020
Consumer confidence rose to minus 14 in May from the over one-decade low of minus 18 in April.
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Austria: Operating conditions contract at softer pace in May
May 27, 2020
Operating conditions in the Austrian manufacturing sector contracted at a softer pace in May compared to April as lockdown measures are gradually lifted, enabling greater economic activity.
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Austria: Industrial production plummets in March amid Covid-19 fallout and lockdowns
May 25, 2020
Industrial output plummeted 9.5% month-on-month in March, down from February’s revised 2.7% contraction (previously reported: -2.4% month-on-month).
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