Sponsored Content
Austrian Economic News and Analysis
Read the latest headlines about Austria's economy, including news on inflation, growth domestic product (GDP), nation's debt and labor market
Stagnating Level of New Bank Lending
Loan development in the first quarter: increase in long-term lending, but decline in total corporate lending volume.
June 10, 2011
GDP Growth Lower than Expected
Instead of 1.0%, the growth rate in the first quarter was only 0.9%. A plus of 4.2% year-on-year was registered.
June 10, 2011
Further Rise in New Car Registrations
Registrations of new motor vehicles in May 2011: +19.7%; passenger cars: +18.4%, lorries: +25.3%
June 10, 2011
Nuclear Power Phase-Out Will Cost Austria € 600m
According to calculations by E-Control, Germany’s decision to close down its nuclear power plants will affect the Austrian economy.
June 9, 2011
Economic Growth Is Based on Households and Exports
In 2010, Austrian economic output grew stronger than the Eurozone average. GDP amounted to € 284bn.
June 8, 2011
Slight Drop in Wholesale Prices
Austrian wholesale price index in May 2011: -0.9% against April 2011, +8.1% against May 2010. Main drivers were cereals, fertilizers and coffee.
June 8, 2011
Strong Growth in Foreign Trade in the First Quarter of 2011
Austrian imports and exports increased by 22% in the first three month of the year. In March, trade volume amounted to more than € 11bn in both directions.
June 7, 2011
CEO of Verbund Expects Steady Increase of Electricity Price
Anzengruber demands faster approval procedures for the expansion of infrastructure in order to keep prices on an affordable level.
June 1, 2011
Austria Has 37,000 Dollar-Millionaires
Global wealth has grown by 8% in the last year. Austria is found among the countries with the highest concentration of millionaires.
June 1, 2011
Further Decline in Unemployment Rate
Compared to May 2010, the number of unemployed persons decreased by 2.5%. In April, Austria recorded the lowest rate among all EU countries.
June 1, 2011
Bank Austria: Austrian Industry Cooling Down
Growth of industrial production has slowed down in Austria, especially in the export sector. Job creation is still on a high level, but also losing pace.
May 31, 2011
Rail Freight Transport Increased in 2010
The volume of goods transported on Austrian railways increased by 8.9% in the last year. However, it is still below the level of 2008.
May 31, 2011
Decreasing Output in Austria’s Construction Industry
Output of construction of buildings and civil engineering decreasing by 8.6% in January and February 2011. Increase in volume of orders in construction of buildings cannot compensate for decline in civil engineering at the end of February 2011.
May 30, 2011
Austrian Industrial and Construction Turnover Up by 14.7%
Opposing production trends in industry and construction in February 2011; turnover +14.7%. Automotive industry and metal industry are dominant factors.
May 30, 2011
Volume in Road Freight Transport Decreased by 1.7% in 2010
According to calculations by Statistics Austria, road freight transport has still not recovered from the crisis. VCÖ, by contrast, counted more trucks on Austrian roads.
May 27, 2011
Purchasing Power Parities 2011 from the Austrian Perspective
US travelling is cheap due to the strong euro. Austrians have high purchasing power advantages of around 50% in the Czech Republic, Slovakia and Hungary.
May 27, 2011
Slight Decline in OeNB’s Profit in 2010
The Austrian national bank's operating profit came to € 291m in the previous year. € 269m will be paid to the central government.
May 26, 2011
Exports on Track for New Record
New highs of Austrian exports are expected in 2011 and 2012. The growth rate was 24.2% in the first two months of the year.
May 26, 2011
Austria’s Economy Is Growing Faster Than Expected
The Austrian economy has grown faster than expected. The OECD raised its growth forecast to 2.9%.
May 25, 2011
Electricity Price Index (ÖSPI) to Increase in June
The electricity price index for June 2011, calculated by the Austrian Energy Agency (Österreichische Energieagentur), indicates that prices of electric energy will rise.
May 25, 2011
Slight Decline in Used Car Registrations
Registrations of used motor vehicles in April 2011: -4.8%; passenger cars -5.7%, lorries -8.8%.
May 20, 2011
Prices for Industrial Goods Continue Upward Trend
Industrial producer prices are still increasing in Austria: +5.4% in March 2011 compared to March 2010.
May 20, 2011
Crisis Not the Cause of Most Bankruptcies
The majority of last year’s insolvencies had company-internal reasons and was not directly related to the economic crisis.
May 19, 2011
Firms Asked to Reduce European Focus in Favour of BRIC States
The Austrian economy has to up its focus on emerging markets, the Economy Minister has warned. 83% of all exports go to customers in Europe.
May 17, 2011
Austrians Prefer Holidays Abroad
Only 20% want to stay in Austria during their summer holidays. Increasing trend towards online booking.
May 17, 2011
Urgent Need for Specialized Workforce
Lack of skilled employees hits Austrian crafts enterprises. Opening of the labor market could help to satisfy the demand.
May 17, 2011
Inflation Rate Increases to 3.3%
The highest inflation rate in Austria since 2008 is mainly due to price increases of oil products and groceries.
May 16, 2011
Leitl: "Reforms, Despite the Positive economic Outlook Should Not Be Forgotten"
Spring forecast by the EU Commission: Clearly improved growth prospects for Austria and the European Union
May 14, 2011
Austria's Economy Grew Strongly Again in the First Quarter of 2011
According to the latest WIFO flash estimate, the domestic GDP grew, in real terms and seasonally adjusted, by 1% in the 1st Q. 2011. Compared with the previous quarter (4th Q. 2010: +0.9%), the expansion rate has picked up slightly.
May 14, 2011
Austria's Manufacturing Industry Warns of a Shortage of Apprentices in the Technological Field
There is a shortage of applicants for the manufacturing industry-related and production-oriented technology areas; the demographic trends will intensify the problem.
May 13, 2011
Nearly all Federal Provinces have Overcome the Economic Slump
Strong demand from abroad will keep industry humming along. According to Bank Austria, Upper Austria and Vorarlberg have the brightest prospects for growth.
May 11, 2011
Resistance to Privatization Plans
The SPÖ criticized the plans of its coalition partner ÖVP to reduce public participation in order to abate debt.
May 10, 2011
Strong Upswing in Austria
Indicators point to a strong and dynamic economic recovery. Surveys of local companies in the manufacturing sector reflect great optimism concerning the course their business is taking.
May 10, 2011
Strong Rise in Foreign Trade Figures
January to February 2011: Austrian imports increased by 26%, exports rose by 24%.
May 9, 2011
Austria's Export Are Heading for Another Record Year
Exports grew by 24% to € 18bn in the first two months of 2011, continuing to be a crucial pillar of the Austrian economy.
May 7, 2011
Significant Rise in Wholesale Prices
Austrian Wholesale price index in April 2011: +9.5% against April 2010. Main Drivers are Cereals, Fuel and Fertilizer.
May 6, 2011
Prosperity to Rise, But Savings Propensity on a Decline
Monetary wealth of Austrians expected to rise 14.4% or from € 7,900 to 62,800 by 2015; savings ratio to decrease from 9.1% to 8.1%. In 2010, Austrians saved € 1,819 on average.
May 6, 2011
Surprising Profit at ASFINAG
With an annual result of € 339m for 2010, the Austrian motorway financing company had much better results than expected.
May 6, 2011
Upswing in Austria’s SMEs
Austrian small and medium enterprises expect a significant improvement in business conditions for 2011. The equity situation however remains problematic.
May 5, 2011
Capital Transfers Still Below Pre-Crisis Level
Austria's financial transactions with foreign countries continue to be influenced by the aftermath of the crisis: investment in foreign securities has increased only slightly (€ 6.4 bn).
May 5, 2011
Leitl and Sorger Demand Privatizations
Economic Chamber’s President Christoph Leitl and Industrialists' Association President Veit Sorger spoke in support of privatization at a press conference.
May 5, 2011
Moser Demands Changes in Debt Policy
Josef Moser, President of the Audit Court warns urgent structural reforms of the policy. There is no all-clear; the situation is "ominous".
May 3, 2011
Sharp Drop in Exports to Japan is Expected
Exports are expected to return to a normal level only by 2012. Renewable energy technologies could be particularly important.
May 3, 2011
Austrian Unemployment Still Declines
Compared to April 2010, the number of unemployed persons decreases by 5.4%. The number of trainings went down by 19.3%.
May 3, 2011
Austrian Industrial and Construction turnover up by 15.2%
Opposing production trends in industry and construction in January 2011; turnover +15.2%. Metal industry and automotive industry are dominant factors.
May 3, 2011
Labor Chamber: Productivity Grew Significantly More Than Salary Increases
Personnel costs per employee of Austrian companies, according to the Labor Chamber (AK) have grown less than half as strong as productivity since 2003.
April 30, 2011
Austria's Deficit in 2011 at 3.9 Percent
Despite the economic recovery, the debt will increase significantly again in 2011. The consolidation will take place from 2013 onwards.
April 29, 2011
Austria´s Economy Performed Better than EU-average During Crisis
The Vienna Institute for International Economic Studies (wiiw) has just published a study, which quantifies trade-related transmission mechanisms of the global drop in investment demand and output to recession in Austria.
April 28, 2011
Lending Behavior of Banks Remains Stable
The credit policy of Austrian banks remained stable for the third year running in the first quarter of 2011 and it is also expected to remain unchanged in the second quarter of 2011.
April 28, 2011
Industrial Business Situation: Optimism with Restrictions
Economic recovery continues in Austria, as well as employment growth. Capacity utilization remains stable
April 28, 2011
Fast News Search
This category only
