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Industrial Sector
Austria's Industry and Economy under Pressure: Economic Experts Discuss Solutions
The situation in Austrian industry has deteriorated continuously since mid-2021. The Federation of Austrian Industries (IV) is now issuing an urgent warning about the consequences of this development. “Industry is in a bleak situation,” explained IV chief economist Christian Helmenstein. There is no sign of a recovery shortly, which is seriously jeopardizing the competitiveness of the location and the prosperity of the country.
February 2, 2025
Vienna as Industrial Location: Proximity to Eastern Market Loses Importance
A recent survey shows that Vienna's infrastructure and quality of life are location advantages for Vienna as an industrial location, but the proximity to eastern European and other eastern markets declines in importance. Only 40 percent of the 172 surveyed Viennese industrial companies see the proximity to the eastern EU countries as an advantage,
April 8, 2021
Statistics Austria: IPP Down by 0.8%
Industrial producer prices in July 2014 are down -0.8% compared to July 2013.
August 29, 2014
Austria: IPP Down by 1.2%
Industrial producer prices are down by 1.2% in April 2014 compared to April 2013; stable development against previous month.
May 30, 2014
Austria: Marginally Increasing Production Trends in Industry and Construction
The 62.305 enterprises (+1.2% compared to the previous year) in the entire industry and construction sector turned over a total of €37.9 bn (±0.0%).
May 30, 2014
Czech Economy: Good Prospects for Sustainable Recovery
The Czech economy is expected to return to growth already in the first half of 2014. Growth will not be only based on exports.
January 10, 2014
Austrian Business Location in Danger?
The Federation of Austrian Industries (IV) has carried out a survey on the Austrian business location. Most interviewees are pessimistic.
December 14, 2013
Construction Industry Remains Weak Point of Slovenian Industrial Sector
Slovenia´s industrial sector records a decline in employment and investments. Despite the economic downward trend, the energy sector achieves growing turnover figures.
November 16, 2013
Czech Republic: Overall Confidence Grows
According to the Czech statistial office, the increase in confidence in the Czech economy continues.
October 24, 2013
Poland: Economy Below Potential
In the first half of 2013, investments dropped significantly. Consumption was up moderately. In total, Poland´s economic growth accelerates gradually.
October 22, 2013
Croatia: EU-Membership Did Not Help Yet
In the first months of its EU membership, the situation in Croatia´s industrial sector deteriorated further.
October 19, 2013
Hungary’s Industrial Output Growth Exceeds EU average
In August this year, industrial performance – according to workday-adjusted data – increased by 0.9 percent in comparison to the corresponding period of 2012.
October 17, 2013
IMF: „Banks and Companies in a Vicious Circle“
Not only Greece, Spain or Portugal are struggling with a financially stricken banking sector. In Southeastern Europe, the situation is quite similar.
October 11, 2013
Slovakia: Mixed Employment Situation
In Slovakia, employment fell in the construction industry and in the manufacturing industry. Wages were up in most sectors.
October 11, 2013
Slovakia: Industrial Production Grows Moderately
Industrial production index (IPI) increased by 4,4 % in August, compared with August 2012 as a result of a rise in manufacturing by 6,4 %. Production fell in electricity, gas, steam and air-conditioning supply by 7,1 %, in mining and quarrying by 11,7 %.
October 10, 2013
Czech Inflation Below Expectations
The Czech inflation rate slowed down to 1.0% in September. In the next months, the country faces a stagnating economy in the best case.
October 9, 2013
Romania Under Observation
The IMF wants Romania´s government to put more effort in austerity measures, market liberalization and privatization of state-owned assets.
October 9, 2013
Czech Republic: Construction Industry Still Contracts
In August 2013 the construction output decreased by 8.1%, year-on-year (y-o-y).
October 8, 2013
Czech Industrial Sector Remains Growth Engine
In August 2013, industrial production increased at constant prices by 1.6%, year-on-year.
October 8, 2013
Romania: Recovery Depends on External Factors
Thanks to foreign demand and foreign investors, Romania´s economy accelerates. However, domestic demand is still the country´s weak point.
October 4, 2013
Austrian Industrial Sector Remains Cautious
Although the macro-economic frame conditions have brightened a bit, the outlook is mixed.
September 27, 2013
Poland: Recovery Remains Fragile
Poland´s economy has bottomed out. However, the recovery mainly depends on foreign demand.
September 26, 2013
Czech Republic: Recession Is Not Managed Yet
This year, the Czech GDP is expected to contract by 1.1%, the Czech Ministry of Finance forecasts.
September 26, 2013
Hungary: Competitiveness of Industrial Sector Shrinks
Regarding Hungary´s competitiveness, there is a clear downward trend. This year, Hungary is expected to achieve an economic turnaround.
September 24, 2013
CNB: No Monetary Interventions Necessary
The Czech Republic´s economy moves forward slowly. A weaker koruna is not necessary.
September 24, 2013
Romania: High Dependence from FDI
Without the inflow of foreign direct investments, Romania´s economy would shrink. The industrial sector is highly controlled by foreign investors.
September 21, 2013
Slovakia: Economic Forecasts Improves
The economic perspective for Slovakia remains rather gloomy. In 2014, Slovakia´s economy will reach the turnaround.
September 21, 2013
Poland: Industrial Output Indicates Upswing
In August, Poland´s industrial production was up for the third month in a row. Due to the growing exports to the Eurozone, Poland is recovering.
September 18, 2013
Czech Republic: No Further Monetary Easing
As long there are no risks of deflation, the Czech National Bank will leave the current monetary policy unchanged. Further easing measures are not necessary.
September 15, 2013
Hungary: Another Base Rate Cut
Hungary´s National Bank (MNB) has cut the base rate from 4.00% to 3.80%. This is a new record low. Nevertheless, MNB was expected to decide a lower cut.
August 31, 2013
Czech Republic: GDP to Shrink Further
The Czech Republic will not leave the recession behind soon. The economic forecasts had to be revised again.
August 31, 2013
Austria: Fekter Does Not Publish Controversial Industrial Location Study
According to a recent study on the quality of Austria´s industrial location, the number of leaving multinational companies is growing.
August 25, 2013
Czech Republic: SME Suffer from Credit Crunch
The recession in the Czech Republic is mainly due to the restrictive lending policy of the domestic banking sector.
August 24, 2013
CESEE Faces Economic Recovery
According to Moody´s, the economic outlook for Central, Eastern and Southeastern Europe is positive. Nevertheless, the recovery is still fragile.
August 24, 2013
Poland´s Economic Growth Accelerates
In the second quarter of 2013, the annual growth rate came at 0.8%. Due to combined monetary and fiscal measures, the outlook is positive.
August 17, 2013
Russia: Consumer Debt Grows Persistently
Russia´s Central Bank wants to stop the increasing debt servicing costs for Russian households.
August 2, 2013
Russia: Inflation on the Rise
In the first six months of 2013, the inflation rate came at 3.5%. Compared to the reference period of 2012, the inflation rate was up by 0.4 percentage points.
July 23, 2013
Poland: Economic Trend Reversal Likely
In the 1st half of 2013, together with still unfavourable business tendencies on global markets, the economic slowdown maintained in Poland. However, forecasts give reason for cautious optimism..
July 23, 2013
Russia: Recession Not Excluded Anymore
Above all, Russia suffers from a shrinking industrial sector and a decline in foreign direct investments.
July 22, 2013
Vienna: Industrial Sector Shrinks
The Viennese industrial sector faces hard times. Not only the number of workers, but also the order intake is decreasing substantially.
July 18, 2013
Austrian Industrial Sector Fears Drop in Exports
In the first five months of 2012, Austrian exports were only up by 3%. The outlook is rather gloomy. The Austrian Chamber of Commerce demonstrates pessimism.
July 18, 2013
Austria: Consumer Confidence Negative
Today, Bank Austria has published its monthly economic indicator. Domestic demand will not grow this year, Bank Austria says.
July 16, 2013
Czech Republic: Contruction Industry Sees Further Declines
In January 2013 the construction output declined by 9.3%, year-on-year (y-o-y). The planning and building control authorities granted by 4.1% more building permits, y-o-y, and the approximate value of permitted constructions dropped by 31.7%, y-o-y.
March 15, 2013
Hungary: Industrial Production Continues to Shrink
In January 2013, industrial gross output was down by 1.4% year-on-year.
March 14, 2013
Slovak Industrial Sector Continues to Grow
The Slovak Statistical Office has published the turnover figures in selected sectors of economy in January 2013.
March 13, 2013
Romania: Construction Output Goes Down
Volume of construction works, series adjusted with the working days number and seasonality, registered a decrease of 2.3% in January 2013, compared to December 2012.
March 13, 2013
Hungary: GDP Fell by 2.7%
The gross domestic product of Hungary decreased by 2.7% in the fourth quarter of 2012 compared to the corresponding period of the previous year.
March 8, 2013
Hungary: Industrial Production Continues Decreasing
According to preliminary data, the Hungarian industrial production decreased by 1.4% in January.
March 7, 2013
“Austrian Industry Still Taking a Breather”
Signs of a stabilisation emerging in employment. |Reduced cost pressure as a result of current price trends. | Delayed spring awakening in industry may provide too little support for a GDP increase in the first quarter of 2013.
March 5, 2013
Ukraine´s Economy Stagnates
According to the preliminary estimate by the State Statistics Committee, Ukraine’s GDP grew 0.2% yoy in 2012, thus decelerating from 5.2% yoy in 2011.
February 20, 2013
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