Austria's GDP Seen Growing by 1.2 Pct in 2016, 1.4 Pct in 2017 - IMF

The Austrian economy will likely grow by 1.2 percent in 2016 and by 1.4 percent in 2017, the IMF said in the latest set of forecasts World Economic Outlook.

April 12, 2016

OeNB - Inflation to Drop Further this Year

This year the rate of inflation in Austria will drop even further due to the low oil price. However, in 2017 it should grow substantially. The reason for the growth is the "base effect” expected to start in August, after 12 months cheap oil won't be effecting growth of prices any more.

April 5, 2016

Austria's PMI Hits Best Value in Two Years in Q1 - Bank Austria

The Austrian PMI hit the best quarterly value in two years, as the March increase to 52.8 points put the average Q1 2016 level at 52 points, Bank Austria said.

March 31, 2016

Austrian Industry Dejected

The biggest mood slump in Austria’s industry since the financial crisis in 2008 has caused a reduction of Bank Austria's economic indicator from zero to minus 0.1 points, in spite of improved consumer sentiments. The bank’s forecast for the GDP growth remains unchanged at 1.5 percent.

March 15, 2016

AMS: Unemployment Seen Staying High This Year

Austria is unlikely to see any easing of the current record-high unemployment rate this year, despite the expected 1.7percent GDP growth, labour market service AMS head Johannes Kopf said told broadcaster ORF after the publication of February unemployment data which showed an increase to 10.4 percent in nationwide jobless rate.

March 1, 2016

Wienerberger Bricks Turns to EUR 36.5 Mln Net Profit in 2015

Listed construction materials group Wiernerberger has finally managed to turn to profit and posted EUR 36.5 million attributable positive net result for 2015, the company said.

February 24, 2016

Austria Should Catch Up with Germany in 2016/17

Economists from UniCredit Bank Austria believe that in 2016 and 2017 the Austrian economy will catch up with the pace of growth of the Eurozone and Germany.

February 15, 2016

Telekom Austria - Analysts Predict Return to Black

Austrian analysts expect that the annual financial report of Telekom Austria, to be published tomorrow, will show positive results. For 2014 losses were recorded. Again sales should have remained stable. The average sales figure for 2015 predicted by the analysts from Barclays, Credit Suisse, Erste Group and Raiffeisen Centrobank (RCB) is EUR 3.99 billion. This would mean a 1 percent drop, compared to 2014.

February 8, 2016

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

Rainer Seele: OMV Sees No Need for Further Impairments

Listed oil and gas giant OMV expects no need for further impairments after writing off billions in Q3 and Q4 2015, provided that the scenario assuming USD 40 Brent price ber barell in 2016 materializes, CEO Rainer Seele said.

January 29, 2016