Fiscal Balance in Austria
Austria - Fiscal BalanceThe economy lost puff in the second quarter due to sluggish fixed investment growth and a weaker expansion in exports, against a backdrop of easing momentum in the rest of the EU. More positively, private consumption growth was robust, likely supported by a strong labor market as reflected by the unemployment rate falling to a multi-year low in the period. Data for the third quarter points to continued mixed dynamics. On the one hand, low unemployment and solid wage gains should be supporting private spending—despite muted consumer sentiment. However, the manufacturing PMI declined for the eighth straight month in July and is now well in contractionary territory. This suggests the industrial sector remains depressed amid a more challenging external environment and weaker EU demand for vehicles.
Austria - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-2.0||-2.7||-1.0||-1.6||-0.8|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||-0.41||0.40 %||Sep 04|
|Exchange Rate||1.10||0.65 %||Sep 04|
|Stock Market||2,908||-1.00 %||Sep 04|
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August 23, 2019
Industrial output in Austria rose 0.5% month-on-month in June, contrasting May’s revised 0.9% decrease (previously reported: -1.0% month-on-month).
August 9, 2019
Sentiment among Austrian consumers was unchanged at minus 4 in July, marking the joint-lowest reading since March 2017.
July 30, 2019
Growth momentum in Austria lost some dynamism as the economy expanded 0.2% quarter-on-quarter in the second quarter, down from the first quarter’s 0.4% expansion.
July 29, 2019
At the start of the third quarter, conditions in the Austrian manufacturing sector worsened as the Bank Austria Purchasing Managers’ Index (PMI) fell to a nearly six-year low of 47.0, down from June’s 47.5, boding poorly for economic momentum in the third quarter.
June 28, 2019
Sentiment among Austrian consumers nosedived from a neutral reading in May to minus 4.0 in June, marking the lowest reading since March 2017 and ending the second quarter on a low.