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Austrian Economic Headlines and Analysis

Austria Ranked Seventh in OECD Rating of Spending on Research

Austria spends about three percent of its GDP on research, which makes Austria seventh among the 34 countries the OECD took into account in its rating, including Argentina, China, Taiwan, Romania, Russia, Singapore and South Africa. The ranking was led by South Korea (4.29 percent) and Israel (4.11 percent).

Yesterday

Number of Job Openings Rose by 6.7 Pct on 2015

Austria saw the number of available jobs rise by 6.7 percent to about 66.6k in 2015, the first growth in a number of years, show the data of stats office Statistik Austria.

Yesterday

ABA Invest in Austria Helped Establish Eight Start Ups in 2015

ABA Invest brought eight new companies with an investment sum of EUR 2.7 million (USD 3 million) to Austria in 2015. In view of the globally difficult market surrounding such establishments are a positive signal and important stimuli provider for Austria, Vice-Chancellor Reinhold Mitterlehner said.

Yesterday

Energy Dependency in the EU at 53.4%, in Austria at 65.9%

Energy dependency in the EU was at 53.4 percent in 2014. According to the latest Eurostat data Austria’s energy dependency was at 65.9 percent, which ranks Austria seventh in the EU. Estonia was least energy dependent (8.9 percent), while Malta was most dependent (97.7 percent).

Yesterday

Austrian Economy Seen Growing 1.7 Pct in 2016, 1.6 Pct in 2017

The Austrian economy will likely grow by 1.7 percent in 2016 and by 1.6 percent in 2017, the European Commission said in the winter projection, revising the previous forecasts for 1.5 and 1.4 percent growth, respectively.

February 4, 2016

Startups: 7,481 Companies Established in Vienna in 2015

According to the Viennese Business Chamber (WK-Wien) in 2015 a total of 7,481 companies was established in Vienna, about 2.2 percent more than in 2014.

February 4, 2016

Austrian Retail Sales Up By 0.9 Pct M/M, 1.1 Pct Y/Y in Dec - Eurostat

Austria's retail sales, as calculated by EU's stats office Eurostat, increased by 0.9 percent m/m in December 2015 and by 1.1 percent y/y, Eurostat announced.

February 3, 2016

Austria to Offer EUR 1.1 Bln in T-Bonds in Auction

Austria will offer EUR 1.1 billion (USD 1.2 billion) in 2012-2044/4 and 2015-2025/1 T-bonds in an auction, according to state financing agency OeBFA.

February 3, 2016

OeKB: Austrian Exporters Face Biggest Payment Bottlenecks in Russia, Venezuela

Austrian exporters are facing the highest risk of payment bottlenecks in the case of Russian and Venezuelan partners, show the statistics published by specialpurpose bank OeKB comparing Q4 and Q3 2015. Other countries where Austrian firms encounter payment delays are Kazakhstan and Spain.

February 3, 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