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Business Indicator: Austria's Economy Grows by 0.9 Percent in 2015

Published: November 18, 2015; 14:00 · (Vindobona)

Bank Austria has published its latest "Business Indicator" on the Austrian economy. At the beginning of the final quarter of 2015, the already moderate economic recovery in Austria seems to have lost speed. The Bank Austria Business Indicator slipped into the red in October. A sharp decline in consumer sentiment has pushed the indicator to its lowest level in eight months, despite the continual increase in confidence within industry. In addition to a slowdown of economic activity in Austria in the meantime, the opposing trend in domestic and foreign demand can still be seen in the recent Bank Austria Business Indicator. The different developments of individual sentiment components highlight the fact that neither consumption nor investment activity have gained momentum, but demand from abroad is slowly increasing. The opposing trends in domestic economic activity and foreign demand appear to have strengthened in Austria for the time being.

Business Indicator: Austria's economy grows by 0.9 percent in 2015 / Picture: © UniCredit Bank Austria AG

Bank Austria Business Indicator declined in October

Another sharp fall in consumer sentiment contributed significantly to the decline in the Bank Austria Business Indicator in October compared to the previous months. Austrian consumer expectations have been especially pessimistic for months and have currently fallen back to early 2009 levels. However, business…

This article includes a total of 875 words.

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