Fiscal Balance in Austria

Austria Fiscal Balance | Economic News & Forecasts

Austria - Fiscal Balance

Austria’s economy expanded at a faster clip than previously estimated according to a second reading of national accounts data. Domestic demand was in the driver’s seat in the quarter with private consumption benefiting from easing inflationary pressures, and strong construction investment. Weakness in the industrial sector, however, seemingly spilled over into the second quarter of this year: The manufacturing PMI contracted in April and May, swinging from a robust pace of expansion on average in the first quarter of this year. More positively, consumers turned less pessimistic in May compared to the first quarter, while business sentiment remained elevated in the same two months. Meanwhile, in the political arena, Brigitte Bierlein was appointed interim chancellor on 30 May after former Chancellor Sebastian Kurz’s government was brought down by a vote of no confidence on 27 May.

Austria - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-2.0  -2.7  -1.0  -1.6  -0.8  

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Austria Facts

ValueChangeDate
Bond Yield-0.010.40 %Jul 11
Exchange Rate1.130.65 %Jul 11
Stock Market2,992-1.00 %Jul 11

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