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Business Cycle
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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