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
Decreasing EBIT for Austrian SME
Domestic Small and Medium Enterprises record a decline in their return on investment. Lower finance costs could offset this effect. 40% of all SME are in the red zone.
October 5, 2011
Austrian Exports to Rise Substantially
Austrian exports record satisfying results in the first six months of 2011. Austria´s trade balance shows a plus of € 4.4bn.
October 5, 2011
FDI Remains Essential for Austrian Business Location
According to a study of Statistics Austria, the number of foreign subsidiaries even grew in 2009 by 6%. The number of Austrian subsidiaries owned by foreign corporations grew slightly.
October 5, 2011
Androsch „Another Three to Four Billions for Hypo Group“
The former Minister of Finance, Hannes Androsch fears a loss of Austria´s AAA-rating. “We are being observed accurately.”
October 4, 2011
Ranking: Austria Among the Most Non-Transparent Financial Centers Worldwide
Today, the Financial Secrecy Index (FSI) of the Tax Justice Network (TJN) has been published. 73 countries have been analyzed.
October 4, 2011
Mitterlehner: „Settlement of Headquarters Key Question for Austria“
The Austrian Minister of Economics, Reinhold Mitterlehner, wants to push the development of the domestic location through improving framework requirements steadily.
October 4, 2011
Economic Crisis: Austrians Pessimistic
The majority of Austrians thinks that the economic crisis will persist and will become even worse.
October 1, 2011
Slight Increase in Unemployment
Austria´s unemployment grew by 1.9% in September 2011. The main reason is the lower number of trainings.
October 1, 2011
Wifo/IHS: 2012 Brings Collapse of Economic Growth
The research institutes cut their growth forecasts for the Austrian economy by 50%. Unemployment numbers are expected to increase.
September 30, 2011
Public Debt Increased to 71.8% of GDP in 2010
Austrian public finance 2010: Public deficit up to 4.6%, public debt grew by 2.3 percentage points.
September 30, 2011
Growth in Industrial and Construction Turnover Slows Down
Opposing production trends in industry and construction in June 2011; turnover +4.5%. Energy supply and metal industry are dominant factors.
September 29, 2011
Construction Output Increasing by 1.2% from January to June
Austrian output of construction in the first half of the year: construction of buildings +6.8%, civil engineering -6.6%. Volume of orders grew by 4.1%.
September 29, 2011
Strong Decline in Company Insolvencies
The number of private insolvencies rose rapidly from January to September, while the number of companies filing for bankruptcy dropped significantly.
September 28, 2011
Stagnation in Food Retail Sector
Total revenue of the sector grew by only 1.9% in 2010. The market is ruled by retail chains which own 98% of total selling space.
September 28, 2011
Austria Catches Up as IT Business Location
According to the Economist Intelligence Unit, Austria could improve its position as IT business location and went from rank 22 to rank 17.
September 27, 2011
Level of General Financial Education in Austria “Not Satisfactory”
Latest survey shows: 4 in 10 Austrians don’t even know where to start when defining term “interest”.
September 27, 2011
Austria´s Triple A „Not Endangered“
From a global view, 18 countries have a “AAA-status”. The current debt crisis makes market observers nervous.
September 26, 2011
“Austrian Exports to Turkey to Double“
According to the Austrian Chamber of Commerce in Istanbul, Austrian companies could benefit strongly from the persisting economic boom in Turkey.
September 26, 2011
Production Index Up by 4.4% in July
Production index in July 2011: +4.4% compared to July 2010, -1.3% against June 2011.
September 23, 2011
Management Rewards Rise Considerably
In 2011, Austrian managers benefit from an increase of their salaries by 4.1% on average. Most of the Austrian managers receive additional payments.
September 21, 2011
Austrian Population Forecast 2050: Growth from 8.4m to 9.4m People
The Austrian population is growing – and becomes older. In 2030, 9.0m people will live in Austria, 9.4m in 2050.
September 21, 2011
IMF: Austrian Growth Slabs
The IMF expects the Austrian economy to grow by 3.3% in 2011. Next year, GDP growth should fall to 1.6%.
September 20, 2011
Austrian Unit Labor Costs Down in 2010
The Austrian competitiveness improved in 2010. Against 2010, unit labor costs decreased by 5.5%.
September 20, 2011
FPÖ Claims New Currency Area
The chairman of the Austrian Freedom Party, Heinz-Christian Strache, calls for the creation of a “core Europe” with a new currency.
September 19, 2011
Increasing Equity Quotas of Austrian SME
The average equity quota of Austrian SME in 2009/2010 was 28%. This is an improvement against the previous years. However, 30% of SMEs are overindebted.
September 19, 2011
Moderate Upward Trend for Industrial Producer Prices
Rise of the Austrian industrial producer prices in July 2011 by 3.6% compared to July 2010.
September 19, 2011
GDP Growth below Expectations in Q2
The real growth rate was revised downwards to 0.7%. Wifo expects a normal slowdown but no economic crisis.
September 16, 2011
RH Warns: Alarming Increase in Public Debt
Austrian government debt is growing rapidly. From 2006 to 2010, government expenditures went up by 18.2%.
September 15, 2011
Employment Numbers Rose in the Second Quarter
Number of employed increased, number of unemployed decreased, more vacancies in the second quarter of 2011.
September 15, 2011
Inflation Falling Slightly in August
Consumer price inflation dropped to 3.4% in August. Above-average price increases were registered for traffic and household energy.
September 15, 2011
Construction Costs Continue to Increase
August brought a further rise in construction costs: +2.3% against 2010, +0.3% compared to July 2011.
September 15, 2011
Austrian Households with Second Lowest Debt Ratio in Western Europe
A lower ratio was only recorded for Belgium. In the year 2010, Austrians’ gross financial assets averaged € 59,346.
September 14, 2011
Decline in Savings Deposits Continues
Business development of Austrian banks in the first half of 2011: Balance sheet total grows; volume of demand and fixed-term deposits increases.
September 14, 2011
Firms Budget 2.8% Wage Increase
Top management of Austrian companies will likely benefit from the highest pay rise next year.
September 14, 2011
„Education at a Glance“: Austria Falls Behind
According to the study of the OECD, Austria has a slightly rising level of graduates. Nevertheless, the difference to the OECD average is still substantial.
September 13, 2011
No Common Trend for CEE-Countries
Regarding economic growth, prospects for CEE countries have worsened slightly. However, the region remains heterogeneous.
September 13, 2011
Economic Downturn Reaches Austria
A current survey indicates an imminent deterioration of the Austrian economy. Researchers don’t expect a recession but a clear downward trend.
September 9, 2011
Austrian Economy 2010: Noticeable Recovery
According to calculations by Statistics Austria, the Austrian economy grew by 2.3% in the year 2010. GDP per inhabitant amounted to € 34,120.
September 9, 2011
New Car Registrations Up by 4.8% in August
Registrations of new motor vehicles in August 2011: +4.2%; passenger cars: +4.8%, lorries: -0.3%.
September 9, 2011
Retail Trade with Significant Drop in Revenue in July
Adjusted for inflation, revenue of the Austrian retail companies declined by 4.6% compared to the previous year.
September 8, 2011
Asfinag Pays First Dividend Since 2008
A pending lawsuit might cost the Austrian motorway financing company up to € 37m. Full-year profit is still expected to rise.
September 8, 2011
Austrian Competitiveness Shrinks Further
According to a market survey of the consulting group Ernst & Young, Austria´s international competitiveness has still worsened and fell from rank 18 to 19.
September 7, 2011
IMF Puts Pressure on Austria
The IMF shows itself content with the Austrian post-crisis policies. But now, Austria has to reduce new indebtedness.
September 7, 2011
Upward Trend for Austrian Service Industry
Austrian service enterprises achieve turnover increase by 4.6% in the first half of 2011
September 7, 2011
Strong Rise in Industrial Prices Holds On
Austrian Wholesale price index in August 2011: +6.9% against August 2010. However, compared to July 2011, prices decreased.
September 7, 2011
Federation of Austrian Industries: “No New Taxes!”
The debate about the introduction of property taxes in continues. The Institute of Economic Research (WIFO) approves such taxes.
September 6, 2011
Austrian Foreign Trade Rising Significantly
January to June 2011: Austrian imports rose by almost 19%, Austrian exports increased by more than 17%
September 6, 2011
August Brings First Rise in Unemployment Rate in 17 Months
First signs of a weakening labor market: The number of unemployed rose by 0.4% to 219,247 in August. Job vacancies were down 6.7%.
September 1, 2011
Strong Growth in Lending to Private Households
Loan development in the second quarter: Total lending volume grows; opposing trends are registered for new loans to enterprises and private households.
September 1, 2011
Wifo Cuts Growth Forecast for 2012
The research institute sees the current economic upward trend coming to an end but does not expect a recession in Europe.
August 31, 2011
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