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Austrian Economic Headlines and Analysis

CFOs in Spain Optimistic, in Austria Skeptical

According to a report by consulting firm Deloitte covering 14 European states, CFOs in the eurozone are mostly optimistic about market growth and revenues. The biggest optimists are Spaniards, whereas the Swiss are the most pessimistic. Also CFOs from Austria are rather skeptical, although the optimists outnumbered pessimists by 4 percent.

May 20, 2015

EBRD Sees Mixed Outlook for CESEE Countries in 2015-16

The outlook for economies in central and south eastern Europe is improving on the back of eurozone monetary easing but prospects further to the east of the transition region have worsened, as the impact of Russia’s recession intensifies.

May 14, 2015

Eurovision Song Contest - Analysts Expect Added Value of EUR 38 Million

Viennese company Wien-Holding recently held a debate on the expected economic effects of the Eurovision Song Contest. The event is expected to create an added value of EUR 38 million (USD 41.9 million) for Austria of which EUR 27.8 million will be generated in Vienna, a study of research facility Institut für Höhere Studien (IHS) indicates.

May 14, 2015

Austrian Corporate Bankruptcies Down 11 Pct Y/Y in Q1

The number of corporate bankruptcies in Austria continued to fall in Q1 as it declined by 11 percent y/y to 1,338 cases, credit risk management group Creditreform said Tuesday.

May 12, 2015

Wifo - Depreciation of Euro Partially Compensates for Trade Slump

The development of global trade was weak at the beginning of the year. However, depreciation of the Euro partially compensated for the negative effects on Austrian exports, according to Wifo. Exports maintained the moderate dynamics from the end of 2014. Sinking import prices caused by lower oil prices stimulated imports.

May 11, 2015

Austrian Investment Funds Mostly Positive Performance in April

The majority of Austrian investment funds enjoyed positive performance in April as 1,501 funds of all 1,575 active on the market for at least a year posted a positive 1-year return rate in April, show the data of Austrian investment association VOEIG.

May 11, 2015

Austrian Foreign Trade Grew Again in February

Foreign trade grew again in February, after a contraction in January. Austrian exports increased in February this year, compared to February 2014 by 1.7 percent to EUR 10.30 billion. At the same time imports increased by 1.8 percent to EUR 11.08 billion Statistik Austria announced.

May 8, 2015

EC Should Confirm Austria's 2016 Deficit Plan in June

Austria expects that the European Commission will confirm the domestic structural deficit plan for 2016 of 0.5 percent of GDP in June, after the presentation of the details of the tax reform, Finance Minister Hans Jörg Schelling said after the publication of the EC's spring forecast.

May 7, 2015

Austria's Retail Sales Falls 1.2 Pct M/M in March

Austria's retail sales fell by 1.2 percent m/m in March, declining at a steeper rate in the eurozone which suffered a 0.6 pct m/m decrease, EU's stats office Eurostat said Wednesday.

May 6, 2015

Purchasing Managers' Index: Austrian Industry Shows First Signs of Recovery

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.

May 5, 2015