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Austrian Economic Headlines and Analysis

Austrian Industry Continues Longest Recovery since 2008/09 Crisis

In Austrian industry a moderate upward trend continues, according to Bank Austria experts. This is the longest phase of recovery since the recovery just after the economic crisis of 2008/09. Production growth accelerates, despite slightly smaller growth of orders and employment continues growing, even though at a lower pace, the institute declared.

1 hour ago

Business Associations Send Wish List to New Chancellor Kern

Representatives of the business world have issued a "wish list” addressed to the newly appointed Chancellor Christian Kern (SPÖ) and Vice-Chancellor Reinhold Mitterlehner (Austrian People’s Party ÖVP). They call for less regulations, a more welcoming attitude for new business and structural reforms for education, superannuation funds and more flexible work time.

May 27, 2016

Tourism Industry Reports Record-Good Winter Season 2015/16 - Flash Estimate

In spite of unfavourable weather the winter tourism sector in Austria fared pretty well in the winter season 2015/16. The number of overnight stays climbed by 4 percent to EUR 68.53 million. This means that record values from 2014/15 have been exceeded. In the case of foreign tourists hikes were even more prominent than in the case of domestic tourists.

May 25, 2016

Tyrolean Tourism Industry Books New Record in Winter Season 15/16

In the winter season of 2015/16 (November to April) the Tyrolean tourism industry booked a new record. 5.8 million holiday-makers came to Tyrol last winter season. This means growth of 4.5 percent, compared to the previous season.

May 23, 2016

Tourism in Vienna - Overnight Stays Edge up in April

The tourism industry in Vienna recorded a small 0.1-percent growth in the number of overnight stays in April, compared to April last year. In total 1.221 million overnight stays were recorded.

May 20, 2016

Congress City Vienna Drops to 4th Place in Global Ranking

Congress City Vienna dropped to the fourth place in the world in 2015. With 178 events Vienna was behind Berlin (195), Paris (186) and Barcelona (180) as the International Congress and Convention Association (ICCA) announced on Wednesday. In 2014 Vienna advanced from position 3 to 2 in the same ranking.

May 18, 2016

Austria's Inflation Down to 0.5 Pct Y/Y, Lowest since April 2009

Austria's inflation measured 0.5 percent y/y in April 2016, the lowest reading since October 2009, and stayed unchanged m/m, stats office Statistik Austria said.

May 18, 2016

Serbia’s Companies Most Optimistic Among Balkan States, Austria Included in Poll First Time

Among all former Yugoslavian countries, Serbia’s companies are the most optimistic, a survey made by credit insurer Prisma indicates. Their appraisal of the business climate of their country is better than that in Slovenia, Croatia or Bosnia Herzegovina, and even in Austria.

May 17, 2016

Wifo: Austrian Economy Could Gain Momentum

Over the next months Austria’s economy could gain some own momentum, economic research institute Wifo believes, although only some lead indicators point to a continuous improvement, while others indicate a continuation of the market slump, Wifo experts explain.

May 12, 2016

Immofinanz Raises Office Occupancy Rate to ca. 82 Pct in '15/16

Listed real estate group Immofinanz raised the occupancy rate of its office properties by 7 percentage points to nearly 82 percent in fiscal year 2015/16 (ending at the end of April), the company said Monday.

May 9, 2016