Unemployment in Austria
Austria - UnemploymentGrowth in the Austrian economy likely maintained a steady current amid mixed data. Consumers turned slightly more pessimistic in Q1 than they were in the final months of last year. Moreover, the unemployment rate rose to an over one-year high in February. Although these factors likely dragged on private consumption in the quarter, weaker inflationary pressures should have aided spending somewhat. Indeed, retail sales growth picked up in the first two months of the year while new car registrations jumped in Q1 over Q4 2018. Looking at the business sector, despite moderating slightly from the previous quarter, confidence among firms remained elevated through March. Furthermore, industrial production data was surprisingly strong in January and February but with manufacturing PMI data showing a contraction in April, output growth is likely to soften in subsequent months.
Austria - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Austria Unemployment Chart
Source: Austrian National Bank.
|Bond Yield||0.24||0.40 %||May 13|
|Exchange Rate||1.12||0.65 %||May 13|
|Stock Market||3,010||-1.00 %||May 13|
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May 22, 2019
Consumer confidence dropped to minus 3 in April from minus 1 in March as the Consumer Confidence Index moved further south of the neutral zero-point mark that separates optimism from pessimism. The drop in sentiment reflected less optimism regarding households’ financial situations in the next 12 months and a deterioration in consumers’ views on the general economic situation in the same period, which swung from optimism to pessimism.
April 30, 2019
The economy kept pace in the first quarter of 2019 according to a preliminary release, growing 0.3% over the previous quarter and matching the result of the fourth quarter.
April 26, 2019
Austria’ manufacturing sector began the second quarter on a sour note with the Bank Austria Purchasing Managers’ Index (PMI) dropping to 49.2 in April from a neutral reading of 50.0 in March.
April 25, 2019
Industrial production in Austria increased 0.6% month-on-month in February, slightly below January’s revised 0.7% expansion (previously reported: +1.9% month-on-month).
April 24, 2019
Sentiment among consumers rose from minus 2 in February to minus 1 in March.