Trade Balance in Austria
Austria - Trade BalanceEconomic activity was healthy in Q3, albeit still below pre-pandemic levels. Looser restrictions benefited private spending, which propped up domestic demand amid deteriorating fixed investment. Moving on to Q4, available data suggests that momentum remained fairly buoyant in October–November, with the manufacturing PMI remaining firmly in expansionary territory and economic sentiment picking up, albeit both coming in slightly below Q3’s levels. However, the government imposed a nationwide lockdown on 15 November, which was only lifted for vaccinated people and those who have recovered from the virus on 14 December. The measures have recently sparked mass protests, with tens of thousands massing in the capital. In other news, on 3 December, following Kurz’s resignation as party leader, Chancellor Schallenberg announced his resignation. He has been replaced by the new party leader, Karl Nehammer.
Austria - Trade Balance Data
|Trade Balance (USD billion)||2.5||2.9||1.7||4.2||4.3|
5 years of economic forecasts for more than 30 economic indicators.
Austria Trade Balance Chart
Source: Austrian National Bank.
|Bond Yield||0.03||0.40 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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January 10, 2022
Industrial output grew 2.0% in month-on-month seasonally-adjusted terms in November, which was above October's 1.4% increase.
January 7, 2022
Consumer confidence dropped to a 10-month low of minus 9.0 in December from minus 4.0 in November.
December 10, 2021
Industrial production fell 0.2% month-on-month in seasonally-adjusted terms in October (September: -0.7% mom).
November 26, 2021
Operating conditions in the Austrian manufacturing sector expanded at a softer clip in November, with the UniCredit Bank Austria Manufacturing Purchasing Managers’ Index (PMI) cooling to 58.1 in November from 60.6 in October, marking the weakest reading since January However, the index remained comfortably above the neutral 50-threshold that separates expansion from contraction in the manufacturing sector. The moderation came on the back of marginal growth in production and new orders; however, strong employment, stocks of purchases growth and a notable lengthening of supplier delivery times limited the headline drop.
November 25, 2021
Consumer confidence dropped to minus 4.0 in November from minus 2.0 in October.