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Austrian Economic Headlines and Analysis

Austrian GDP Growth Rate Accelerates Marginally to 0.1 Pct in Q1

The Austrian economy stagnated in the preceding four quarters. In Q1 2015 the GDP grew by a real 0.1 percent q/q after showing a null growth in Q4 2014, think tank Wifo said in a flash estimate.

April 30, 2015

Austria's Unemployment Stays EU's Second-Lowest in March at 5.6 Pct

Austria's unemployment rate remained the EU's second-lowest in March at 5.6 percent, according to the data of the EU's stats office Eurostat out Thursday.

April 30, 2015

Business Climate Worse in April in Austria and Eurozone

The economic climate in Austria deteriorated in April 2015, compared to March, to 93.4 from 94.2 points. In the EU the latest European Commission data indicate an improvement of sentiments from 106.1 to 106.4 points, whereas in the eurozone sentiments slipped from 103.9 to 103.7 points.

April 30, 2015

Austria’s Top Firms Shrank in 2013, Germans and Swiss Stable

Austria’s top 100 enterprises coped with the crisis years worse than large companies in Switzerland and Germany. While the revenue of the 100 biggest firms caved in by 6 percent in 2013, rivals in the neighbouring countries managed to raise sales by 0.6 percent (Germany) or keep sales stable (Switzerland), a study of consulting firm Accenture indicates.

April 29, 2015

Bank Austria: Market Downswing of Austrian Industry Stopped

The downswing in the industrial sector in Austria has been stopped. Companies get more orders both in Austria and abroad, leading to higher output figures. Still, companies continue downsizing, economists of Bank Austria report.

April 29, 2015

Assets of Austrians Worth EUR 572 Billion in 2014

The financial assets of Austrian households increased by 2.7 percent y/y to EUR 572.4 billion (USD 620.2 billion) in 2014, the central bank Oesterreichische Nationalbank (OeNB) estimates. The growth was due to the acquisition of financial assets (EUR 9.7 billion) and due to a higher evaluation of securities (EUR 5.4 billion).

April 28, 2015

Energy Price for Households Down Y/Y in March

According to data of Energy Agency published today, the price of energy sold to households slipped by 6.2 percent y/y in March. The price decline has slowed down, as in January the price was by 9.1 percent smaller than a year ago, and in February by 8.2 percent.

April 28, 2015

Heavy Traffic Ratio has Increased by 1.3 Ppercent

In terms of heavy traffic figures, presented by Asfinag for the beginning of the year, economy is on the rebound. The number of over-3.5-tonne trucks increased in Q1 2015 by 1.3 percent, while the number of passenger car traffic rose by 1 percent.

April 28, 2015

Austria Rises to #21 in Global FDI Attractiveness Ranking

Austria is among European countries that benefitted from the increased interest of foreign investors as the Old Continent is viewed as a safe haven amid geopolitical turbulence, shows 2015 manager survey by A.T. Kearney consultancy. Also, the QE of the ECB is seen as a positive factor stimulating the economy.

April 27, 2015

Positive Winter Season for Austrian Tourism Industry

Up till now, in the winter season of 2014/15 Austria is even more popular as a tourist destination than last year. The number of guests in the period from November 2014 to March 2015 increased by 4.1 percent to 15.25 million. Overnight stays increased by 2.2 percent to 58.78 million preliminary data from Statistik Austria show.

April 27, 2015