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Economy

Moody’s Downgrades Long-Term Credit Rating of Austria

Moody’s has downgraded the long-term credit rating of Austria, from "Aaa” to Aa1. In January 2012 rating agency Standard & Poors had reduced Austria’s rating from AAA to AA+, whereas in February 2015, Fitch did the same.

June 27, 2016

Business Indicator: Modest Acceleration in Austrian Economic Activity Despite Growing Global Risks

According to Bank Austria, the Business Indicator rose in March to 0.2 points - back in black for the first time since September. Also, Bank Austria recognized a light improvement in consumer and industrial sentiment. The estimated economic growth in 2016 is 1.5 percent - no further pick-up is expected for 2017.

April 20, 2016

Purchasing Managers' Index: Austrian Industry Defies Market Turbulence and Economic Worries

Bank Austria has published its latest "Purchasing Managers' Index" on the Austrian economy. In spite of the recent turbulence on the market and the growing economic concerns, Austrian industry is in good shape at present. Austrian industry has been enjoying an upwards trend for roughly a year now. The increase in Bank Austria’s Purchasing Manager’s Index to 51.9 points in February shows that following a dip before the turn of the year, growth has picked up again since the start of 2016. Despite the tense mood on the markets, Austrian industry is still providing good real economic data.

March 1, 2016

250 Years of the Vienna Prater Amusement Park

2016 is a major anniversary year for the Prater: Emperor Joseph II. opened the former hunting grounds to the public 250 years ago. On the 7th of April 2016 the Vienna Prater amusement park (Wiener Prater) will be celebrating its 250th anniversary.

February 29, 2016

Austria's Industrial Production Increases in Early 2016

Bank Austria has published its latest "Purchasing Managers' Index" on the Austrian economy climbs to 51.2 points in January. The Austrian industry should enjoy a dynamic start to the new year. More orders ensure major production expansion. A sharp decline in price of commodities boosts earnings. At the same time, production not at full capacity, too few new jobs being created and ongoing economic uncertainties leading to targeted cost and inventory optimisation.

January 29, 2016

Business Indicator: Recovery in Austria to Pick Up Momentum in 2016

According to Bank Austria, the Business Indicator fell again in November. Now sitting at -0.3 points, the indicator has reached its lowest reading of 2015 just before the turn of the year. Despite this downward trend Bank Austria assumes that the Austrian economy will have maintained its moderate growth trajectory at the end of 2015.

December 18, 2015

VSE: US Interest Rate Decision Likely to Increase Appeal of Austrian Stocks

The Vienna Stock Exchange can look back at a year of solid developments on the stock market in 2015. The uptrend in equity trading volumes has now been sustained for more than two years: trading volumes were up by 24.3%; the ATX gained 11.20%, and innovations in bond trading were the highlights of the year. Market capitalization on the Vienna Stock Exchange reached EUR 86.28 billion in December 2015. This was a gain of 7.86% over the year-end figure of 2014.

December 18, 2015

Purchasing Managers' Index: More Moderate Industrial Growth in November

Bank Austria has published its latest "Purchasing Managers' Index" on the Austrian economy. The Austrian economy should manage to keep better pace with European and German growth rates in 2016. With the momentum of the recovery in Europe, the industrial sector in Austria has already improved since the beginning of autumn. In spite of a weaker result compared to the previous month the Bank Austria Purchasing Managers’ Index amounts 51.4 points. This still clearly indicates growth for Austrian industry, which in the meantime has largely caught up with the pace of growth in Europe.

December 3, 2015

Business Indicator: Austria's Economy Grows by 0.9 Percent in 2015

Bank Austria has published its latest "Business Indicator" on the Austrian economy. At the beginning of the final quarter of 2015, the already moderate economic recovery in Austria seems to have lost speed. The Bank Austria Business Indicator slipped into the red in October. A sharp decline in consumer sentiment has pushed the indicator to its lowest level in eight months, despite the continual increase in confidence within industry. In addition to a slowdown of economic activity in Austria in the meantime, the opposing trend in domestic and foreign demand can still be seen in the recent Bank Austria Business Indicator. The different developments of individual sentiment components highlight the fact that neither consumption nor investment activity have gained momentum, but demand from abroad is slowly increasing. The opposing trends in domestic economic activity and foreign demand appear to have strengthened in Austria for the time being.

November 18, 2015

Purchasing Managers' Index: Pace of Austria's Industrial Growth Increases

Bank Austria has published its latest "Purchasing Managers' Index" on the Austrian economy. At the end of the first quarter in 2015 subtle signs of a pick-up in Austrian economic activity were detected for the first time in about six months.

October 30, 2015