Exchange Rate in Austria
Austria - Exchange RateThe economy rebounded strongly in the second quarter, on a bounce-back in private consumption amid the relaxation of Covid-19 restrictions. Growth in capital expenditure remained healthy despite slowing, suggesting that firms retained a cautiously optimistic view, while softer restrictions abroad propelled exports of goods and services. Turning to Q3, the manufacturing PMI remained firmly in expansionary territory in July, with output and new orders growing healthily. That said, supply-side constraints will likely cap productivity in the quarter, particularly in the automotive sector. Meanwhile, consumer sentiment logged an over two-year high in July, which, coupled with the lowest unemployment rate since November last year, bodes well for household spending. Less positively, a recent rapid rise in Covid-19-related hospitalizations could lead to tighter restrictions ahead.
Austria - Exchange Rate Data
|Exchange Rate (vs USD)||1.00||1.00||1.00||1.00||1.00|
5 years of economic forecasts for more than 30 economic indicators.
Austria Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||0.03||0.40 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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September 22, 2021
Industrial output decreased 0.2% month-on-month in seasonally-adjusted terms in July (June: +2.1% mom).
September 2, 2021
A second release of national accounts data revealed that the economy grew 3.6% on a seasonally-adjusted quarter-on-quarter basis in the second quarter.
August 30, 2021
Consumer confidence was stable at July’s 0-point neutral level in August. The reading reflected less downbeat views over the financial situation of households and the general economy over the past 12 months being offset by slightly less upbeat views on the financial situation of households and the general economy in the year ahead.
August 27, 2021
Operating conditions in Austria’s manufacturing sector continued to improve at a marked, albeit softer, pace in August, with the UniCredit Bank Austria Manufacturing Purchasing Managers’ Index (PMI) easing to 61.8 from 63.9 in July.
August 10, 2021
Industrial output dropped 1.8% month-on-month on a seasonally-adjusted basis in June, matching May’s print.