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Business Cycle

Economic Outlook: Slight Optimism for Eurozone

The Eurozone´s GDP to grow by 1.1 per cent again in 2013. In 2012, the economy will decline by 0.5 per cent; the low point of recession has already been reached.

April 5, 2012

BNP: Austrian Economy Recovers

GDP in Austria contracted slightly in Q4 2011 as exports fell, but weak growth is likely to have resumed at the beginning of 2012, says BNP Paribas.

March 26, 2012

Austrian Economy Recovers Slowly

The Austrian Central Bank (OeNB) sees signs of a recovery. A recession is not expected.

March 20, 2012

Turnaround for Austrian Industry?

According to Bank Austria, a rise in demand leads to a marked gain in new orders and triggers growth in backlogs of work. In 2012, the Austrian economy is predicted to start to expand again.

February 1, 2012

Austrian Economy to Stagnate Until Summer

The Federation of Austrian Industries (IV) does not see signs for another recession. In summer, industrialists are optimistic that economic growth accelerates.

January 31, 2012

Austrian Poverty Rate Unchanged

EU-SILC 2010: No increase of the at-risk-of-poverty rate due to the economic crisis; declining living conditions for the poor in a long-term perspective.

December 17, 2011

Temporary Work Increases

In 2010, 66.100 temporary workers were employed in Austria. Their number should increase up to 82.200 by 2012.

November 16, 2011

Economic Downturn Becomes More Obvious

Due to the strong development in the first half year, Austria´s economic growth will amount to 2.9% in 2011. However, for 2012 the growth rate will decrease significantly.

November 16, 2011

Scepticism in Carinthian Industry

The current situation is satisfying in the Carinthian industry. However, for the future, many industrialists are less optimistic.

November 5, 2011

Austrians Increasingly Pessimistic

According to a survey, Austrians fear that similar developments to Greece will also occur in their country. Confidence in politics still worsens.

November 5, 2011

Nowotny Expects Lower Growth Rates

The head of the Austrian Central Bank (OeNB) Ewald Nowotny lowers the growth estimation for the Austrian economy.

October 31, 2011

Industrial Production Still Rising

Austrian production index in August 2011: +5.6% compared to August 2010.

October 25, 2011

Declining Profits for ATX Companies

Analysts expect Vienna-listed companies to report substantial lower profits. Even losses are feared.

October 24, 2011

Stagnation Expected in Austria for 2011

Insecurity and a lack in foreign demand will cause a massive slowdown of the Austrian economy in 2012. Consumers and companies become more cautious.

October 17, 2011

Austrian Economy Cooling Down Rapidly

Drastic deterioration in industrial climate and consumer sentiment point to a break in the economic recovery in the second half of 2011.Economic outlook for 2012 lowered to just 1.4 per cent.

October 15, 2011

Economic Crisis: Austrians Pessimistic

The majority of Austrians thinks that the economic crisis will persist and will become even worse.

October 1, 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

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

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

Workers Continue Feeling the Crisis

The Austrian Working Climate Index increased only slightly from 107 to 108 points during the last half-year. According to the Labor Chamber, the crisis has not been mastered yet, particularly for workers.

May 7, 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

Industrial Business Situation: Optimism with Restrictions

Economic recovery continues in Austria, as well as employment growth. Capacity utilization remains stable

April 28, 2011

Austria's Export Industry Grows Strongly

Driven by external demand, the Austrian economy shows a growth of 2.7% compared with the previous year.

March 23, 2011

WKÖ: "The Manufacturing Industry has not Processed the Crack Caused by the Crisis yet"

Production value of Austrian industry remains behind pre-crisis values despite a recovery.

March 16, 2011

Economic Indicator: 2011 Brings More Dynamism to Austria's Economy

Economic recovery has stabilized rapidly in Austria. The Bank Austria Business Indicator has climbed to a three-year high.

February 17, 2011

Economic Growth Decreased Slightly in the 4th Quarter of 2010

The rise of Austria's economic performance in the 4th quarter 2010 was 0.6% in real terms compared with the previous quarter. This figure does not exactly strengthen the momentum of the economy.

February 16, 2011

Industrial Activity: Styria above Austrian Average

The economic barometer of the Styrian manufacturing industry is above the average of the federal provinces for the fourth consecutive year. Optimism for 2011 is increasing.

February 15, 2011

Sustained Growth

International economic recovery continues in early 2011. The WIFO business survey also indicates sustained growth for Austria.

February 10, 2011

Jank: Vienna Leads in Company Start-Ups

Almost 8,000 enterprises founded in 2010, a quarter of all Austrian start-ups, comes from Vienna.

February 10, 2011

Results of the Crisis: Austria in 14th Place Among 37 Countries

Austria is one of the five EU countries least affected by the global crisis.

February 10, 2011

Business Climate Improves in Eastern Europe

According to the Austrian Kontrollbank (OeKB), the Business Climate Index has risen in Eastern Europe for the seventh consecutive time.

February 9, 2011

Manufacturing Industry on the Rise

The economic barometer of the Federation of Austrian Industries (IV) grows. Production increase and stable employment are expected.

February 4, 2011

Slight Slowdown of Austria’s Economy

According to the Austrian National Bank (OeNB), economic growth slowed down temporarily at the turn of the year.

January 22, 2011

Trend Reversal: International investors push for Austria's Real Estate Market

Austria is getting increasingly popular for foreign real estate investors. Mainly speculators start to get interested in the domestic market to care.

January 19, 2011

Recovery is in Sight for Keba

The Austrian automation manufacturer regains its pre-crisis levels, in particular through exports to growth markets.

January 18, 2011

Recovery slows down in Austria

The Bank Austria Business Indicator sees the recovery slowing down. The manufacturing industry shows itself optimistic, consumers a little more subdued.

January 15, 2011

Slow upward trend in Austria's trade and handicrafts

For 2010, KMU-Forschung Austria expects slight sales increases. Support for research projects will be supported in future.

January 13, 2011

Austrian Regional GDP Growth: Upper Austria Quotes Statistics

Gross regional product 2008: Upper and Lower Austria reached a nominal growth rate clearly above the national average

January 13, 2011

CEE Economic Growth Forecast: 3.8% in 2011

According to UniCredit, especially Turkey, Poland, Czech Republic and Estonia will bounce back impressively due to stronger industry and domestic demand.

January 13, 2011

Insolvencies decline in Austria

Corporate insolvency proceedings fall by 5.9%, affecting more than 85,000 creditors. Creditreform considers there is still potential for lower figures.

January 11, 2011

WIFO and IHS Foresee Economic Weakness

The two major Austrian Economic Research Institutes, WIFO and IHS, expect an economic slowdown in 2011.

January 5, 2011

Austrian Industry Remains on Growth Course

Bank Austria Purchasing Managers’ Index down slightly in November, but strong growth persists. Order intake increased as well as employment.

January 1, 2011

Good Prospects for Austrian Exports

The outlook for 2010 is favorable after the sharp decline of Austrian goods exports in the crisis year 2009 (-20.2%), .

December 29, 2010

Austria's Tax Revenues are Higher than Expected

As the economy developed relatively well this year relatively, tax revenues increased. The deficit for 2010 might therefore turn out to be lower than planned.

December 17, 2010

WIFO: Austrian Manufacturing Industry in Good Position

The economic recovery driven by exports and the manufacturing industry continued in the fall: the GDP grew 2.4% over the previous year in the third quarter.

December 10, 2010

Unemployment Continued to Decline in November

Both the number of unemployed and trainees show a decline.

December 1, 2010

Growth Trend in Austrian Advertising Market

After the crisis year 2009, the Austrian advertising industry expects strong growth. The first signs are already visible.

December 1, 2010

Carinthia Back on Growth Path

A business survey in Carinthia showed an increasingly positive image. Optimism is rising.

November 30, 2010

Europe's Public Debt and Unemployment Remain High

Austrian Institute of Economic Research: The revival of the EU states, driven by expansionary economic policies and export growth, is ebbing.

November 25, 2010