Exports in Austria

Austria Exports | Economic News & Forecasts

Austria - Exports

Although initial data for the first quarter paints a fairly bright picture, the war in Ukraine will have left its mark at the tail end of the period and thereafter. Industrial output growth accelerated on a sequential basis in January–February. Retail sales rebounded robustly on a month-on-month basis in the same period, despite an uptick in the unemployment rate. The war is set to impact the Austrian economy to a greater extent than other European peers, due to close banking sector ties with Russia and the export-reliant industrial sector’s vulnerability to lessened demand in trading partners. Moreover, the war has dealt a heavy blow to consumer sentiment, which tumbled to a multi-year low in March. In mid-April, Chancellor Nehammer met with President Putin in Moscow. Afterwards, Nehammer assuaged concerns by stating that Austria would not need to pay for Russian gas in rubles.

Austria - Exports Data

2015   2016   2017   2018   2019  
Exports (USD billion)144  146  160  177  175  

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Austria Exports Chart

Austria Exports
Note: Exports (in EUR bn).
Source: Austrian National Bank.

Austria Facts

Value Change Date
Bond Yield0.030.40 %Jan 01
Exchange Rate1.120.65 %Dec 31

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