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Building Permits in Vienna Reach Record Levels in 2021
In positive news for the construction industry, reports show that building permits in Vienna have reached record levels in the first quarter of 2021. They also show an interesting trend in Lower Austria.
July 16, 2021
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Pandemic Affects Crime Statistics in Austria
The Covid-19 pandemic has positively affected Austria's crime statistics. In 2020, total crime decreased by 11.3 percent, while the clearance rate increased to 54.2 percent. Cybercrime remains among the major challenges and, in fact, was one of the only categories, which saw a major increase of cases in 2020.
March 22, 2021
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Austrian Foreign Trade: Covid-19 Pandemic Takes its Toll
Austria's imports and exports both declined heavily in 2020. A year characterized by the Covid-19 pandemic, the total value of imports decreased by around 9 percent compared to 2019, while Austrian companies exported 7.5 percent less than the year before. In total, imports and exports resulted in a trade balance deficit of around EUR 2 billion.
March 15, 2021
International Women's Day 2021: Gender Pay Gap in Austria Still Significant
Since the International Women's Day is on March 8, Statistics Austria has revealed some data that show the still significant differences between women and men in Austria's workforce. On average, women earn around 14 percent less than men and only 3.8 percent of employed women hold managerial positions, compared to 8.1 percent of employed men.
March 5, 2021
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Austrians Show Decreased Approval for EU
In a recent survey published by the European Parliament, the EU loses approval in Austria. Almost half of the Austrians survey believe that the European Union moves in a completely wrong direction, while only 35 percent believe the opposite. Compared to the numbers from 2019, the EU is losing support in Austria.
February 18, 2021
Significantly More Deaths in Austria in 2020
Due to Covid-19, deaths in Austria in the year 2020 have increased by almost 11 percent compared to 2019. Furthermore, life expectancy has decreased by about half a year for men and women in 2020. In weekly comparisons, an increase in deaths of almost 50 percent compared to the same weeks in 2019 had been observed.
January 14, 2021
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Eurostat: Austria Is Second in EU With Research Expenditures
In its recent publication, the statistical office of the European Union, Eurostat, put Austria on second place for research expenditure relative to GDP. Austria has invested 3.19 percent of its gross domestic product in R&D, which is only surpassed by Sweden with 3.39 percent of the country's GDP.
November 27, 2020
Foreign Trade: Imports and Exports Pass the 150 Billion Euro Mark for the First Time
The total nominal value of imports of goods in 2018 was 5.8% higher than in the previous year at 156.06 billion euros, while exports of goods rose by 5.7% to 150.1 billion euros. This results in a trade deficit of 5.99 billion euros. More than half of Austria's foreign trade was spread across only five countries.
July 10, 2019
Austria's Foreign Trade on the Upswing
According to preliminary statistics, the total nominal value of imports of goods in the period January to September 2018 was 5.2% higher than in the previous year at 115.23 billion euros, while exports of goods rose by 6.0% to 111.55 billion euros. The trade balance deficit amounted to 3.68 billion euros after 4.27 billion euros in the same period of the previous year.
December 14, 2018
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Most Expensive Expatriate Cities: Vienna Moves Up to 54th Place Overall in the Index
For the 22nd year running, global HR consulting firm Mercer has published its annual Cost of Living Ranking that lists the costliest and cheapest destinations for expatriates. Asia hosts five of the world’s 10 most expensive cities for expatriates. Hong Kong is once again the world’s most expensive city for expatriates. Vienna moves up to 54th place from 56th place overall in the index. 209 countries have been surveyed. See the full index below.
July 22, 2016
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
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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
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
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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
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
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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
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
Austrians Cautiously Observant
Despite economic recovery the Austrian citizens are still cautiously observant.
April 22, 2014
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Poland: Budget Deficit Soaring
Last year the budget deficit amounted to 4.3 percent of GDP.
April 17, 2014
IMF Upgrades Growth for Slovenia
In its latest report the International Monetary Fund has raised its projection for GDP growth in Slovenia.
April 9, 2014
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Slovenia: Considerably Fewer Building Permits Issued
Almost a quarter fewer building permits were issued in January in Slovenia.
March 21, 2014
Poland: “Further Gradual Improvement”
The recent tendencies point to accelerated economic growth rates.
March 3, 2014
Austria: Unemployment Rate Rises Once Again
Once again the unemployment rate in Austria saw a significant rise. More than 440,000 persons were registered jobsless in February.
March 3, 2014
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Austria: Inflation Drops Again
Inflation in Austria dropped to 1.5 percent in January due to the winter sales.
February 24, 2014
Government Downplaying Effects of Hypo Group Desaster
Today, both Chancellor Werner Faymann and Finance Minister Michael Spindelegger had to explain their actions in regard to Hypo Group Alpe Adria in parliament.
February 17, 2014
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Hypo Group: Bad Bank Active at Least 10 Years
Austria’s rating by Standard & Poor’s (“AA+”, stable outlook) is currently not compromised. Because of the establishing of the bad bank the debt rate will rise four to six percent.
February 12, 2014
Austria: Hypo Group Becomes Fiasco for Taxpayers
The most expensive solution for the winding up of troubled Hypo Group becomes imminent.
February 11, 2014
Poland: Economic Growth in 2013 above Expectations
GDP growth in Poland came at 1.6 percent year-on-year in 2013 which is 0.1 percent above expectations.
January 31, 2014
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Prices for Houses in EU Dropped Slightly
1.5 percent decrease of house prices in European Union.
January 22, 2014
Poland: On Path of Recovery and Growth
The Polish economy has been growing steadily since the beginning of 2013. However, budget deficit slightly exceeded forecasts.
January 7, 2014
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Czech Republic: Economic Sentiment Rises
As published by the Czech Statistical Office (CSU), the Czech economic sentiment indicator rose by one point to 5.5 points compared to November.
December 20, 2013
Czech Republic: Industrial Output Slowed Down
In October, the industrial performance in the Czech Republic only grew by 3.5 percent on a year-on-year comparison basis.
December 9, 2013
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Austria: Inflation at Lowest Level in Three Years
Inflation rate in Austria decreased to 1.4 percent.
November 15, 2013
Eurozone: Inflation Continues to Decrease
Euro area annual inflation down to 0.7 percent.
November 4, 2013
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Poland: T-Bonds not to Affect Budget Deficit
According to GUS, next year’s budget deficit will not be impaired by the transfer of treasury bonds and other assets.
October 28, 2013
Austria: Bank Aids Burden State Budget
Since the beginning of the financial crisis, Austria has lost billions of Euros.
October 22, 2013
Austria: State Debts Could Amount to 74.5 Percent of GDP
The statistical office of the European Union, Eurostat, raised doubts about the Austrian budget deficit and public debts because of the financial scandal of the government of the province of Salzburg.
October 21, 2013
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Austria: Inflation Down to 1.7 Percent
In September the inflation rate dropped to 1.7 percent which is the lowest value since August 2010.
October 16, 2013
Bulgaria: Significant Increase in Exports to EU
Exports from Bulgaria to the European Union have increased by 6.6 percent.
October 10, 2013
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Serbia: Minor Growth of GDP
Serbia's real GDP growth in second quarter of year stands at 0.2%
October 1, 2013
Eurozone: Inflation Drops to 1.1 Percent
According to first estimates by Eurostat, the Eurozone shows the lowest inflation rate in more than a year. Only twelve months ago the inflation rate was at 2.7 percent.
September 30, 2013
Austria: Public Debt Increased to 74.0 Percent of GDP
Public finances 2012: public deficit at 2.5 percent, public debt at 74.0 percent of GDP.
September 30, 2013
Poland Trying to Eliminate Povery
The country plans on spending € 2bn in the combat against poverty.
September 19, 2013
Poland: Minor Slowdown in Industrial Production
On a year-on-year comparison basis, industrial output increased 2.2 percent in August while it declined 4.5 percent compared to July this year.
September 19, 2013
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Eurozone: Moderate Decrease of Inflation
Euro area inflation was 1.3% in August, down from 1.6% in July
September 17, 2013
Austria: Inflation Rate on Lowest Level in Three Year
In August, food became significantly more expensive while the prices for fuel decreased 4.7 percent. The inflation rate dropped 1.8 percent.
September 16, 2013
Turkey: Industrial Turnover Index Grew 14.8 Percent
The statistical office of Turkey announced that the Industrial Turnover Index in July increased by 14.8 percent compared to the same month in 2012.
September 13, 2013
Eurozone: Industrial Production Decreased 1.5 Percent
Industrial production fell in fifteen EU member states.
September 13, 2013
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