Fiscal Balance in Austria
Austria - Fiscal BalanceEconomic growth remained lackluster in the third quarter as softer growth in investment outlays and private consumption weighed on domestic demand. Turning to the final quarter of the year, consumers remained pessimistic through November as households were less upbeat about their financial situation and the general economic climate for the year ahead. Furthermore, business confidence moderated to an over three-year low in November, while the downturn in the manufacturing sector seemingly intensified in the same period according to PMI data, likely linked to weakness in the German industrial sector. Meanwhile, in the political arena, coalition negotiations between the Austrian People’s Party (ÖVP) and the Greens are likely to drag on into the new year. Combating climate change and migration remain key hurdles to be resolved.
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||0.03||0.40 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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December 27, 2019
Manufacturing conditions continued deteriorating in Austria at the end of the year, with the UniCredit Bank Austria Manufacturing Purchasing Managers’ Index (PMI) remaining unchanged at 46.0 in December.
December 23, 2019
Industrial production rose 0.7% month-on-month in October, notably up from the 0.2% expansion logged in September and opening the final quarter of 2019 on a strong footing.
December 4, 2019
Consumer confidence fell from minus 3 in October to minus 4 in November as the index remained entrenched in pessimistic territory. The downtick in November reflected less rosy views on the financial situation of households in the year ahead, likely owing to a deteriorating outlook on the general economic situation in Austria over the same time period.
November 27, 2019
Business conditions in Austria contracted at a slightly softer pace in November as the UniCredit Bank Austria Manufacturing Purchasing Managers’ Index (PMI) ticked up from 45.5 in October to 46.0.
November 25, 2019
Industrial production rose 0.2% month-on-month in September, swinging from a revised 1.4% contraction in August (previously reported: -2.3% month-on-month).