Austria's Economy Undergoing a Very Modest Recovery Despite Increasing Uncertainties

BusinessEconomy ♦ Published: October 19, 2015; 15:00 ♦ (Vindobona)

Bank Austria has published its latest "Business Indicator" on the Austrian economy. Despite increasing global uncertainties, the recovery of the Austrian economy is continuing into the start of autumn. The Business Indicator remained the same in September at 0.1 points compared to the previous month. The improved confidence in domestic industry as well as an increased tailwind from Europe compensated for the deterioration in consumer confidence.

Business Indicator: Austria's economy undergoing a very modest recovery despite increasing uncertainties / Picture: © UniCredit Bank Austria AG

For the last six months the Bank Austria Business Indicator has been pointing to a stable, albeit slow, recovery of the Austrian economy. With an average indicator reading of 0.1 in the third quarter there are still no signs of any noticeable brightening of the economy.

Austrian consumers remain disproportionately pessimistic by European comparison. In September the confidence of…

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