Trade Balance in Austria
Austria - Trade BalanceThe economic impact of the war in Ukraine will increasingly be felt during Q2; Austrian banks have close ties with Russia, which is also an important market for the country’s industrial exports. The rate of growth in industrial production already began to slow in March and is likely to weaken further during Q2, as the war has both exacerbated supply chain constraints and undermined demand. Although April’s manufacturing PMI showed both a robust improvement in operating conditions and positive business confidence, this is unlikely to last. Moreover, rising commodity prices and uncertainty arising from the war are weighing heavily on consumer sentiment, which will be negatively affecting household spending. Meanwhile, in a May report, the European Commission highlighted the public finances, the labor market and an over-reliance on fossil fuels as key areas for the government to address.
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 27, 2023
The Manufacturing Purchasing Managers' Index (PMI)—produced by UniCredit Bank Austria and S&P Global—increased to 48.4 in January from December’s 47.3.
January 16, 2023
Harmonized inflation eased to 10.5% in December, following November’s 11.2%.
January 10, 2023
Industrial output increased 0.2% month on month in seasonally adjusted terms in November (October: +0.9% mom).
January 5, 2023
Consumer sentiment came in at minus 30.0 in December, matching November's reading.
December 28, 2022
The Manufacturing Purchasing Managers' Index (PMI)—produced by UniCredit Bank and S&P Global—jumped to 47.3 in December from November’s 16-month low of 46.6.