Trade Balance in Austria

Austria Trade Balance | Economic News & Forecasts

Austria - Trade Balance

Economic 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 He has been replaced by the new party leader, Karl Nehammer.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

2015   2016   2017   2018   2019  
Trade Balance (USD billion)2.5  2.9  1.7  4.2  4.3  

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Austria Trade Balance Chart

Austria Trade
Note: Trade balance (in EUR bn).
Source: Austrian National Bank.

Austria Facts

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

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