Fiscal Balance in Austria

Austria Fiscal Balance | Economic News & Forecasts

Austria - Fiscal Balance

Economic growth remained solid in Q3, but the economy remained below pre-pandemic levels. Household spending skyrocketed in July–September amid looser restrictions, solely supporting domestic demand as public consumption and fixed investment dropped. On the external front, exports of goods and services expanded at a more moderate rate. Turning to Q4, data suggests that activity remained fairly upbeat in October, with the manufacturing PMI remaining firmly in expansionary territory and economic sentiment picking up in the month. However, the most recent surge in Covid-19 cases domestically and abroad will likely dent activity in the final stretch of the year: On 15 November, the government reimposed restrictions for unvaccinated people only, before implementing a full nationwide lockdown just days later, with all non-essential businesses closed and mandatory vaccination starting in February.

Austria - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-1.0  -1.5  -0.8  0.2  0.7  

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Austria Facts

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

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