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Austrian Economic Headlines and Analysis

Number of Unemployed in Austria Grows 8.1 Percent in August

In the summer the number of unemployed in Austria increased further. At the end of August 384,585 people were unemployed. This means 8.1 percent growth, compared to last year.

5 minutes ago

Recovery of Austrian Industry Stopped

The recovery of the Austrian industry observed since the spring of this year has apparently come to a standstill. After four months of growing pace, the industry has recently slumped almost back into stagnation. For the first time in five months the industry has been confronted with dropping export orders.

August 28, 2015

Austria's GDP Grows by 0.3 Pct Q/Q, 0.5 Pct Y/Y in Q2

Austrian GDP growth accelerated somewhat in Q2 with the q/q increase at 0.3 percent, above 0.2 percent q/q growth recorded in Q1, think tank Wifo said, confirming the flash estimate published by the end of July.

August 28, 2015

Expat Insider: Country Report Austria - Safe & Sound

InterNations shares with you a detailed picture of life abroad in Austria: why people relocate, what their daily life is like, and how satisfied they are. Known for schnitzels, mountains, and bodybuilders turned governors, Austria has excellent rankings in the Quality of Life, Working Abroad, and Family Life Indices, but settling in isn't easy. They provide an in-depth country profile of Austria. Read on and find out what expatriate life in your dream destination Austria is actually like.

August 25, 2015

Austrian Residential Real Estate Market Grows 30.5 Pct Y/Y to EUR 4.13 Bln in H1

Austrian residential real estate market enjoyed strong growth in H1 with the transaction volume up by 30.5 percent y/y to EUR 4.13 billion (USD 4.77bn) and the number of the deals rising by 36 percent to 21.5k, broker Remax said in the latest report based on the data entered in the land register.

August 25, 2015

Vienna Stocks Plunge in Global Sell-Off

Vienna's stocks plunged on Monday amid global sell-off triggered by concerns about the condition of the Chinese economy. The morning losses worsened further after a very negative opening on Wall Street. The ATX sank by 4.68 percent to EUR 2,207 points.

August 24, 2015

Vienna's Tourism Industry Records 11.2 Percent Growth in July Y/Y

Vienna's tourism industry recorded excellent results in July this year. 1,423,000 overnight stays were recorded and this means 11.2-percent growth compared to the same month of last year.

August 24, 2015

Austrian Companies Register Higher Risk of Payment Default

The risk of payment defaults among companies is on the rise, 42 percent of the respondents of a Gallup survey, made for loan insurer Acredia Versicherung AG, believe. The reason for this increase is the current economic situation.

August 21, 2015

Energy Prices for Households Fall by 6 Pct Y/Y in June

Austrian households saw energy prices fall by 6 pct y/y in June, according to the energy price index EPI calculated by the Austrian energy agency.

August 21, 2015

Advertising Industry Affected by Price Pressure

Austria’s advertising industry has been caught up in the market slump. The demand has stagnated and prices are under pressure, advertising industry representative Angelika Sery-Froschauer told the press. She notes that the prices have started falling and won’t climb. Austria’s advertising industry lags behind in an EU comparison; Germany’s, for instance, reports growth.

August 20, 2015