Read the latest headlines about Austria's economy, including news on inflation, growth domestic product (GDP), nation's debt and labor market
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Austrian Economic News and Analysis

Purchasing Managers' Index: Austrian Industry Shows First Signs of Recovery

Bank Austria has published its latest "Purchasing Managers' Index" on the Austrian economy. At the end of the first quarter in 2015 subtle signs of a pick-up in Austrian economic activity were detected for the first time in about six months.

May 5, 2015

Vienna Stock Exchange: ATX Upswing Drives Up Equity Trading in Q1

The Vienna Stock Exchange has seen the strongest monthly equity turnover since August 2011. The average monthly trading volume to date in 2015 is EUR 5.04 billion which represents a gain of 26.61% over the average monthly trading volume of the year 2014 (EUR 3.98 billion).

April 2, 2015

Business Indicator: Economic Activity Remains Sluggish - Revival Only in Course of Year

Bank Austria has published its latest "Business Indicator" on the Austrian economy. The Austrian economy is making no headway at present after the mild improvement in the economic climate at the start of the year. The Bank Austria Business Indicator remained at exactly zero points in February after a modest increase in the previous month. The current economic situation is thus somewhat more favourable than towards the end of the previous year, but the local economy still lacks momentum as of March 2015.

April 1, 2015

Austrian Economic Activity Remains Sluggish - Revival Only in Course of Year

Bank Austria has published its latest "Business Indicator" on the Austrian economy. The Austrian economy is making no headway at present after the mild improvement in the economic climate at the start of the year.

March 19, 2015

Austrian Production Index Shrinks 0.6 Pct Y/Y in 2014

Austria's working day adjusted production index decreased by 2.6% in December, y/y it shrank by 0.6 percent.

February 25, 2015

Vienna to Have Two Million Inhabitants in 2029

Vienna is already the city with the second largest population in the German-speaking countries. But Vienna is growing faster than ever. This development entails a tremendous challenge for Vienna. Based on the figures now available, investments totalling seven billion euros will have to be made by the year 2020 in the areas of child care, public transport, other infrastructure facilities and health services alone.

February 20, 2015

Austria: Number of Naturalisations Increased by 3.7% in 2014

7.693 people acquired Austrian citizenship in 2014 (including 123 persons resident abroad). Compared to 2013, the number of naturalisations increased by 3.7%. Top former nationalities include Bosnia-Herzegovina (1 120), Turkey (885), followed by Serbia (671), the Russian Federation (433) and the Kosovo (381).

February 20, 2015

Finance Ministry: "Fitch Downgrade has no Impact on Austria Rating"

In response to the rating announcement by rating agency Fitch, the Austrian Federal Ministry of Finance says, that the current Fitch rating has no impact on the Austria rating due to temporary debt increase.

February 20, 2015

Austrian Population Rises Above 8.5 Million

Austria's population increases to 8.58 million at the beginning of 2015, according to preliminary results of Statistics Austria. In absolute terms, the population grew by almost 72 000 last year. Hence, population growth was significantly higher than in the previous year (2013: +56 000). More than half of the population growth was concentrated in the Eastern part of Austria (55.9%), where Vienna accounted for a large share of the total increase (38.9%).

February 20, 2015

Business Indicator: First Small Signs of Improvement in Austrian Economic Activity

Bank Austria has published its latest "Business Indicator" on the Austrian economy. The Indicator exits negative territory due to modest rise in January. Decline in oil price pushes average annual inflation down below 1 percent for 2015, injecting more momentum into private consumption. Growth forecast for 2015 raised to 0.9 percent.

February 20, 2015

Austrian Government Guarantees Stand at EUR 112.9 bn

Newly collected data by Statistics Austria on State guarantees (governmental contingent liabilities, potential obligations and assets) show guarantees of €112.9 bn at the end of 2013 (of which 52% are granted by the state and local government sectors).

February 10, 2015

Purchasing Managers' Index: Austrian Economy Still Waiting for Industrial Upswing

Bank Austria has published its latest "Purchasing Managers' Index" on the Austrian economy. While industrial activity is slowly improving in Europe, Austrian industry is not yet in the best of form in early 2015.

January 29, 2015

Japanese Mizuho Bank Sets Up Office in Vienna

Mizuho Bank through its Dutch subsidiary has acquired the approval to open a branch in Vienna. The bank is looking to develop its business in CEE. Simultaneously the Bank signed a memorandum of understanding with the Austrian Business Agency for services in connection with the setup.

January 28, 2015

Vienna as a Business Location - The City at a Glance

Vienna combines tradition, culture and quality of life with the factors of a top business location in a unique way. A stable political and economic environment, a research and technology-friendly climate, geographical and cultural proximity to the growth markets in the east and, not least, the highest quality of life in the world provide for a place at the very top of the world’s rankings.

January 27, 2015

Vienna as a Business Location - Areas of Strength

Vienna combines tradition, culture and quality of life with the factors of a top business location in a unique way. A stable political and economic environment, a research and technology-friendly climate, geographical and cultural proximity to the growth markets in the east and, not least, the highest quality of life in the world provide for a place at the very top of the world’s rankings.

January 22, 2015

ECB Unleashes Quantitative Easing - How does it work?

Today, the ECB finally commenced on a large scale sovereign bond-buying programme. The €60bn monthly asset purchases include covered bonds and asset backed securities. Due to the flood of cheap money, the DAX was boosted. The index increased by up to one per cent to a record high of 10,399.67 points. Quantitative easing is a monetary policy where a central bank creates new money electronically to buy financial assets. The aim is to stimulate an economy when standard monetary policy has become ineffective. How does it work?

January 22, 2015

10 Reasons Why You Should Invest In Vienna

In this post you'll find the top 10 reasons why your company or institution should consider investing in Vienna/Austria. In fact, we'll share the international studies which confirm the numbers and facts including its closest competitors. We look at the quality of living, the smart cities index, the prosperity, international congresses and conventions, the most reputable cities, the innovation cities index, online cities, business friendliness and other factors that influence the decision making.

January 20, 2015

Austria has EU-Wide Most Franc Loans

In absolute terms, Austria has the most franc foreign currency loans in the European Union.

January 19, 2015

Inflation in Austria Dropped Down to +1.0% in December 2014

The annual inflation rate of the consumer price index measured by Statistics Austria went down to +1.0% in December 2014 (November +1.7%).

January 19, 2015

Business Indicator: Austrian Economy Makes a Subdued Start to the New Year

Bank Austria has published its latest "Business Indicator" on the Austrian economy. The renewed decline of the Business Indicator in December, taking it into negative territory, was influenced by the generally gloomier sentiment in the Austrian economy, which deviates to some extent from the trend seen across Europe.

January 16, 2015

Slack Performance in Austrian Industry Continues

Bank Austria Purchasing Managers' Index rises 0.5 points to 47.4, but Austrian industry contracts again in November.

November 27, 2014

Business Indicator: Economy at a Standstill - Revival in 2015 Requires New Stimulus

Bank Austria has published its latest "Business Indicator" on the Austrian economy. The bank's indicator shows that a slight improvement in the business indicator in October - yet minimal rise to neutral territory signals ongoing stagnation

November 17, 2014

"How's Austria?" Indicator 2014 has been Published

Economic growth is not identical with progress and wealth, as the updated indicator set "How's Austria?" shows: Decline in material wealth, environmental situation still critical and ambivalent picture regarding quality of life.

November 11, 2014

Government Debt Increased to 82.6% of GDP in Austria and to 92.7% in Euro Area

At the end of the second quarter of 2014, the government debt to GDP ratio in the euro area (EA18) stood at 92.7%, compared with 91.9% at the end of the first quarter of 2014. Austria's government debt rose to 82.6 percent of GDP in Q2 2014 from 81.3 percent in Q1.

October 23, 2014

Corporate Bond Market Comment by Raiffeisen Research: OMV, Kapsch TrafficCom, Telekom Austria

"The slight correction on credit markets that lasted until the middle of last week was calmed by speculations of a possible extension of the US Fed’s expansive monetary policy stance, as well as thus far also unconfirmed reports that the ECB might expand its bond purchases to the corporate bond sector. This slight relaxation was also observable in the stock market volatility, measured by the VDAX. This indicator rose to 23.57% p.a. last week and by yesterday had fallen to 17.75% p.a." Raiffeisen Research is seeing similar market developments in their Austrian Corporate Index.

October 23, 2014

Business Indicator: Dip in Economic Activity Towards End of Year, but Hope Remains for 2015

Bank Austria has published its latest "Business Indicator" on the Austrian economy. The Bank's analysts believe that in light of the increasing uncertainty in recent months, the moderate recovery achieved by the European and therefore the Austrian economy too this year is taking a breather. The Russia/Ukraine crisis and the tensions in the Middle East have blighted sentiment in the Austrian economy at the start of autumn on a broad scale.

October 17, 2014

Austrian Chamber of Commerce Hosts the "Make in India" Launch Event

The Indian Embassy in Vienna in cooperation with the Austrian Chamber of Commerce, organized the "Make in India" launch event at the WKO in Vienna. The main focus of the event was the recently announced “Make in India” campaign.

October 15, 2014

Vienna University of Economics once again Secures #22 in the „Financial Times“ Ranking

In the annual assessment of the best management programs worldwide the Vienna University of Economics and Business Administration (WU) is once again among the top 25 best institutions. The program "International Business" (IBW) secured 22nd place in the „Global Masters in Management 2014“ ranking of the „Financial Times“.

October 15, 2014

Business Indicator: Growing Geopolitical Uncertainty Levels the Economic Outlook Down

Bank Austria has published its latest "Business Indicator" on the Austrian economy. The analysts of Bank Austria believe, that after a weak first six months, the economic recovery continues to find it difficult to get out of the starting blocks. The growing uncertainty fuelled by the Russia-Ukraine crisis was reflected in another decline for Bank Austria’s Business Indicator in August. The indicator has been trending downwards slightly for half a year, and now sits at its lowest point since last summer of just 0.2 points.

September 18, 2014

Further Decrease of Inflation to 1.7% in August

The annual inflation rate of the consumer price index slowed down to 1.7% in August 2014 (July 1.8%).

September 17, 2014

Investment Opportunities: Moscow - Viennese Economic Talks in Vienna

Within the framework of the "Moscow Days in Vienna", an Economic Forum on economic, investment and technological cooperation "Moscow - Vienna 2014 Synergy - New Opportunities for Growth" was held in the Chamber of Commerce of Vienna.

September 11, 2014

Austria's Foreign Trade: Imports +1.0%, Exports +1.2% in H1 2014

According to preliminary results by Statistics Austria, total imports amounted to €64.62 bn and total exports amounted to €63.23 bn in the period January to June 2014.

September 5, 2014

Austria: Wholesale Price Index Down by -1.6% Y/Y

The index of wholesale prices (WPI 2010) amounted to 107.7 (preliminary value) in August 2014 and thus went down by 0.4% against July 2014. Compared to August 2013, the wholesale prices decreased by 1.6%.

September 5, 2014

Austria: Turnover of Service Enterprises Stable

In the first half of 2014, turnover of Austrian service enterprises increased by 1.0% compared to the same period in the year before. Turnover in trade decreased by 0.5% in nominal terms for the time period from January until June 2014. Taking inflation into account, sales in trade fell by 0.2%. Results were calculated by Statistics Austria, Short Term Statistics Trade and Services.

September 5, 2014

Statistics Austria: IPP Down by 0.8%

Industrial producer prices in July 2014 are down -0.8% compared to July 2013.

August 29, 2014

Austrian Finance Minister Michael Spindelegger Quits

Finance Minister Michael Spindelegger resigned today after eight months in office, the reason are differences within the People's Party (ÖVP) on debt reform and tax. He also stepped down as vice chancellor and head of the Austrian People's Party (ÖVP), the center-right junior partner of the grand coalition government.

August 26, 2014

Comment: Outlook of Vienna Stock Exchange

Manfred Sibrawa of BAWAG PSK INVEST GmbH comments on the expectation of the performance of the Vienna Stock Exchange until year end. Erste Bank and Raiffeisen Bank International, but also OMV, booked double-digit losses, while the Vienna Stock Exchange welcomed a new member, FACC. "All in all we saw a mixed development year-to-date, but assuming that we see a stabilization of the global situation we can expect the Vienna ATX to speed up and reduce the underperformance towards other established markets."

August 7, 2014

Analysis: Eurovision Song Contest 2015 in Vienna, Austria

The contest will take place in Vienna, Austria, following Conchita Wurst's victory in the 2014 contest in Copenhagen, with the song "Rise Like a Phoenix". On 6 August 2014, it was announced that Vienna had been chosen as the host city for the 2015 contest. It will be hosted in Wiener Stadthalle.

August 6, 2014

Event: 21st Austria & Advantage Austria: Re-Think Central and Eastern Europe - An Austrian Perspective

On September 23, 2014, 21st Austria and Advantage Austria UK will host a panel discussion at the City of London's Gherkin skyscraper. Herbert Stepic, former CEO of RBI Raiffeisen Bank International and Georg Karabaczek, Austrian Trade Commissioner for the UK will focuse on the topic "Re-Think Central and Eastern Europe: An Austrian Perspective on Diversity in Performance, Challenges and Avenues of Growth". Panellists also include Pasquale Diana, Mario Holzner and Eduard Zehetner.

August 1, 2014

Austrian Industrial Producer Prices Down By 0.6%

The industrial producer price index, IPPI 2010, reached 103.0 points in June 2014, representing a price decrease of 0.6% compared to June 2013.

August 1, 2014

Austria: Decreasing Production Trends in Industry and Construction

62.295 enterprises (+1.3% compared to the previous year) in the entire industry and construction sector turned over a total of €80.2 bn (-0.1%) from January until April 2014, coupled with slightly decreasing employment (907 384 persons, -0.2%).

August 1, 2014

Migration & Integration: Austria has 1.6 Million Migrants

On average, some 1.63 million people (19.4% of the population) with foreign background were living in Austria in 2013. 1.2 million of them were born abroad, while 428 000 people were descendants of foreign-born parents born in Austria and thus counted as "second generation".

July 29, 2014

Negative Austrian Enterprise Creation Rate

In 2012, 24 077 new enterprises were created in Austria. At the same time, 24 920 enterprises closed, resulting in an enterprise closing rate of 6.1%.

July 29, 2014

Austrian FDI: Current Developments 1Q 2014

In the first quarter of 2014, Austrian FDI abroad reached a value of 2.8 billion euros, which is less by about 30% than in the same period of 2013. Foreign direct investments in the same period into Austria stood at 1.4 billion euros. This is about 37% less than in the same period of last year.

July 29, 2014

Cost of Living Rankings: CEE Capitals Cheaper, Vienna is 32nd Most Expensive City

The Mercer's 2014 Cost of Living Rankings have been published and cover 211 cities across five continents. While Western European cities have all risen in the rankings mainly due to the strengthening of the Euro against the US dollar, most cities in Central and Eastern Europe (CEE), however have fallen in the ranking as a result of local currencies depreciating against the US dollar. Bratislava (#84), Prague (#92), Kiev (#98), Ljubljana (#116), Zagreb (#120), Budapest (#135), Warsaw (#142), Belgrade (#184).

July 25, 2014

Austria: Slight Increase of Inflation to 1.9% in June 2014

The annual inflation rate of the consumer price index measured by Statistics Austria went up to 1.9% in June 2014 (May 1.8%).

July 17, 2014

FDI in Austria up by EUR 25 Million

In the first half of 2014 the number of international companies setting up business operations in Austria with the assistance of ABA in cooperation with the regional investment promotion agencies climbed from 88 to 114. Total investment volume was up 15.9 % in the first half of 2014 to EUR 179.97 million from EUR 154.33 million in the prior year period.

July 11, 2014

Vienna Stock Exchange Raised EUR 3.1 Billion in Capital in 1HY 2014

In the first half of 2014, Austrian companies raised more than EUR 3.1 billion in fresh capital through the Vienna Stock Exchange. This volume is larger than the aggregate volume of the past two years (transaction volume 2012 and 2013: EUR 2.1 billion) and the highest level achieved since 2007. The volume consists of the capital increases of Raiffeisen Bank International (EUR 2.78 billion), Porr (EUR 120 million), and the successful initial public offering of FACC (around EUR 213 million).

July 2, 2014

Vienna: ATX Remains one of the Most Undervalued Stock Indices

"We strongly believe in the potential of the ATX. By comparison to Western Europe and the US, stocks on the Austrian market have moderate valuations and this makes them more attractive to investors."

July 2, 2014

Country Analysis: The Tax Haven of Liechtenstein

Liechtenstein has the highest gross domestic product per person in the world when adjusted by purchasing power parity. Liechtenstein is the smallest yet the richest (by measure of GDP per capita) German-speaking country and the only country to lie entirely in the Alps. Since the late 1970s it used its low corporate tax rates to draw many companies to the country becoming one of the wealthiest countries in the world.

July 1, 2014