External Debt in Austria
Austria - External DebtThe 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 - External Debt Data
|External Debt (% of GDP)||21.5||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.03||0.40 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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November 18, 2022
Harmonized inflation increased to 11.5% in October from September’s 11.0%.
November 10, 2022
Industrial output slid 1.6% in month-on-month seasonally-adjusted terms in September, which contrasted August's 4.1% increase.
October 28, 2022
The Austrian economy contracted 0.1% quarter on quarter in Q3, swinging from the sturdy 1.9% expansion logged in Q2.
October 27, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 46.6 in October, down from September's 48.8.
October 25, 2022
Consumer confidence came in at minus 31.0 in October, up from September's minus 32.0.