Exchange Rate in Austria
Austria - Exchange RateThe economic impact of the war in Ukraine will increasingly be felt during Q2; Austrian banks have close ties with Russia, which is also an important market for the country’s industrial exports. The rate of growth in industrial production already began to slow in March and is likely to weaken further during Q2, as the war has both exacerbated supply chain constraints and undermined demand. Although April’s manufacturing PMI showed both a robust improvement in operating conditions and positive business confidence, this is unlikely to last. Moreover, rising commodity prices and uncertainty arising from the war are weighing heavily on consumer sentiment, which will be negatively affecting household spending. Meanwhile, in a May report, the European Commission highlighted the public finances, the labor market and an over-reliance on fossil fuels as key areas for the government to address.
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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August 10, 2022
Industrial output dropped 2.1% in month-on-month seasonally-adjusted terms in June, which contrasted May's 0.9% increase.
July 28, 2022
The UniCredit Bank Austria Manufacturing Purchasing Managers’ Index (PMI) rose from a near two-year low of 51.2 in June to 51.7 in July.
July 27, 2022
Consumer confidence fell to minus 33.0 in July from June's minus 24.0.
July 8, 2022
Industrial output increased 2.1% in month-on-month seasonally-adjusted terms in May, which was an improvement from April's 0.5% increase.
June 30, 2022
Consumer confidence came in at minus 24.0 in June, matching May’s result.