Unemployment in Austria

Austria Unemployment | Economic News & Forecasts

Austria - Unemployment

Data from the second quarter sent mixed signals, after economic growth accelerated in the first quarter. Industrial output faltered in April, with production dropping at the quickest rate in over three-years on a sequential basis. Moreover, the manufacturing PMI fell into marked contractionary territory in the quarter, falling to an over four-year low in June, particularly due to weak demand in the automotive sector. Of particular relevance, Germany is a key export market in this sector and the German car industry is currently suffering from a conflux of factors. On the other hand, retail sales rebounded in April and May amid a tight labor market and relatively stable inflation, after contracting in Q1. This suggests that private consumption remained robust in the quarter despite more downbeat consumer sentiment in June, which concluded the quarter on a slightly sour note.

Austria - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate4.9  5.6  5.8  6.0  5.5  

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Austria Unemployment Chart

Austria Unemployment
Note: Unemployment in % of active population.
Source: Austrian National Bank.

Austria Facts

Bond Yield-0.220.40 %Jul 31
Exchange Rate1.110.65 %Jul 31
Stock Market2,985-1.00 %Jul 31

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