Austria Economic Outlook
February 26, 2019A preliminary release of national accounts data showed that the Austrian economy decelerated rapidly in the final quarter of last year, halving from the third quarter on softening domestic and external demand. Private consumption remained robust but public expenditure and fixed investment growth eased. The general weakening of momentum in Europe likely affected Austria’s external sector as reflected by a deceleration in exports growth in the quarter. Early data for the first quarter of this year, meanwhile, paints a mixed picture. Consumer sentiment fell deeper into pessimistic territory in January on less rosy views of the economy in the year ahead. On the other hand, the manufacturing PMI continued to indicate improving business conditions, while business sentiment regarding production expectations turned neutral in January.
Austria Economic GrowthAustria’s economy is expected to continue growing at a robust pace this year despite moderating somewhat. Domestic demand should buttress the economy on the back of accelerating public expenditure growth and resilient private consumption and fixed investment. However, the outlook is clouded by lingering trade tensions and a possible prolonged slowdown in European economies, which would dent export growth. The Met the why particular panel forecasts GDP will grow 1.8% in 2019, which is down 0.1 percentage points from last month’s estimate, and 1.6% in 2020.
Austria Economy Data
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|Bond Yield||0.38||0.11 %||Mar 11|
|Exchange Rate||1.12||0.65 %||Mar 11|
|Stock Market||2,948||-1.00 %||Mar 11|
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Austria Economic News
March 1, 2019
The economy grew at a slightly quicker pace in the fourth quarter than previously estimated, as highlighted by a second reading of national accounts data.
February 26, 2019
Business conditions in the Austrian manufacturing sector improved at the slowest pace in over three years in February, with the Bank Austria Purchasing Managers’ Index (PMI) dropping from 52.7 in January to 51.8.
February 25, 2019
Industrial production in Austria contracted 0.2% over the prior month in December, up from a revised 1.1% drop in November (previously reported: -2.4% month-on-month).
January 30, 2019
According to a preliminary estimate, the Austrian economy grew 0.2% in the fourth quarter over the previous quarter, down noticeably from the 0.4% expansion recorded in the third quarter.
January 30, 2019
Consumer sentiment dropped to minus 2 in January, from a revised minus 1 in December (previously reported: +9).