Interest Rate in Austria
Austria - Interest RateWhile Sebastian Kurz’s Austrian People’s party (ÖVP) entered coalition negotiations with the Greens in mid-November, the economy grew at a meager pace in the third quarter and likely remained on a weak footing in the fourth quarter. In Q3, the economy expanded at the joint-softest pace since Q1 2015 due to weaker private consumption and fixed investment. More positively, public consumption growth accelerated, while the external sector continued to support economic growth as exports outpaced imports. Turning to Q4, the manufacturing PMI showed that the sector remained in contraction in October—likely owing to weakness in Germany’s industrial sector—while business confidence moderated markedly in the same month. Moreover, consumer sentiment remained entrenched in pessimistic territory in October as households’ views on the economic situation in the year ahead remained downbeat.
Austria - Interest Rate Data
|Policy Interest Rate (%)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Austria Interest Rate Chart
Source: European Central Bank.
|Bond Yield||-0.09||0.40 %||Nov 21|
|Exchange Rate||1.11||0.65 %||Nov 21|
|Stock Market||3,148||-1.00 %||Nov 21|
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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).
November 7, 2019
Sentiment among Austrian consumers rose from minus 4 in September to minus 3 in October; however, the index remained entrenched in pessimistic territory.
October 30, 2019
The economy grew at a steady, albeit meager, pace of 0.1% in quarter-on-quarter seasonally-adjusted terms in the third quarter.