Austria Economy

Austria’s gdp growth annual decreased to -4.0 by -71.63% on July 2020 from -14.1 in the previous Quarterly. On a year on year basis Austria’s gdp growth annual decreased by -266.67%. Austria’s gdp growth annual trend is down since the current value of -4.0 is lower than the 12 month moving average of -0.283333.Austria’s inflation cpi decreased to 1.3 by -13.33% on October 2020 from 1.5 in the previous Monthly. On a year on year basis Austria’s inflation cpi increased by 18.18%. Austria’s inflation cpi trend is down since the current value of 1.3 is lower than the 12 month moving average of 1.46667.Austria’s unemployment rate icnreased to 9.5 by 9.2% on November 2020 from 8.7 in the previous Monthly. On a year on year basis Austria’s unemployment rate increased by 30.14%. Austria’s unemployment rate trend is down since the current value of 9.5 is lower than the 12 month moving average of 9.725.

Austria Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
ATX ATX 3404.28 1 0.75 0.97536 72.5094 -1.02 -0.87 4.34 -0.13901
Austria ETF EWO 23.83 1 0.75 1.71955 74.5011 -1.08 -2.38 2.58 -0.02958
Austria 10-Year Bond Yield AT.10Y -0.17 1 -1 -0.0981 41.3456 50.44 -374.19 -1645.45 1.3641
Austria 5-Year Bond Yield AT.5Y -0.57 1 -1 -1.23349 39.0978 11.33 41.44 37.35 0.36882
Austria 2-year bond yield AT.2Y -0.68 0 -0.75 -1.25674 44.0241 3.34 10.93 10.03 0.24343
Austria Yield Curve AT.YC 0.52 -1 -0.75 -0.08101 49.096 -4.59 -17.72 -21.57 -0.3775
Austria Credit Default Swaps CDS.Austria 10 0 0 -0.58009 49.2474 -2.44 0 5.26 -0.25179

ATX closed up by 0.0008% to 2780.44 on 23 January 2021 and +0.04649% on a weekly basis. ATX momentum was last calculated at +1.0/100 indicating positive momentum. ATX trend is +0.75/100 indicating a positive trend. ATX momentum exhaustion is 0.97536 indicating ATX is oversold.Austria ETF closed up by 0.01446% to 20.34 on 23 January 2021 and +0.0252% on a weekly basis. Austria ETF momentum was last calculated at +1.0/100 indicating positive momentum. Austria ETF trend is +0.75/100 indicating a positive trend. Austria ETF momentum exhaustion is 1.71955 indicating Austria ETF is oversold.Austria 10-Year Bond Yield closed up by 0.04299% to -0.461 on 23 January 2021 and +0.11893% on a weekly basis. Austria 10-Year Bond Yield momentum was last calculated at +1.0/100 indicating positive momentum. Austria 10-Year Bond Yield trend is -1.0/100 indicating a negative trend. Austria 10-Year Bond Yield momentum exhaustion is -0.0981 indicating Austria 10-Year Bond Yield is oversold.Austria Credit Default Swaps closed up by 0.0% to 10.05 on 23 January 2021 and +0.0% on a weekly basis. Austria Credit Default Swaps momentum was last calculated at +0.0/100 indicating positive momentum. Austria Credit Default Swaps trend is +0.0/100 indicating a positive trend. Austria Credit Default Swaps momentum exhaustion is -0.58009 indicating Austria Credit Default Swaps is oversold.

Austria Macroeconomic model

MacroVar Austria Macro model analyzes economic growth and inflation to assess the current economic conditions. Economic growth and inflation expectations are the two most important economic indicators used to assess economic conditions, forecast financial market returns and policymaker response. Austria’s current macroeconomic conditions are summarized below the chart. Click here to learn more about MacroVar Austria macroecononic model and the leading economic indicators used for analysis.

Austria Macro Model

Austria News

Austria Economy

Economic Activity Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
gdp growth annual -5.5 -5.6 -0.0178571 -3.03704 -1.0 -1.0 0.0833333 2021-01-01
inflation cpi 2.8 1.9 0.473684 3 1.0 1.0 0.983333 2021-05-31
unemployment rate 7 7.7 -0.0909091 -0.306931 -1.0 -1.0 0.05 2021-06-30
Business & Consumer Forecast Overview Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
ESI - Economic Composite 113.5 105.2 0.0788973 0.724924 1.0 1.0 1 2021-04-01
manufacturing pmi 67 66.4 0.00903614 0.44086 1.0 1.0 0.966667 2021-06-30
Reserves & Outstanding Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt 280426 285267 -0.0169701 0.518484 1.0 1.0 0 2019-01-31
government debt to gdp 83.9 70.5 0.190071 0.221252 1.0 1.0 0 2020-01-31
external debt 625937 619015 0.0111823 0.0778563 1.0 1.0 0.65 2021-01-01
foreign exchange reserves 23727 23800 -0.00306723 -0.0259852 -1.0 -1.0 0.25 2021-06-30
gold reserves 279.99 279.99 0 0 -1.0 -1.0 0.591667 2020-08-01
Trade Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account -811 1603 -1.50593 -1.15672 -1.0 -1.0 0.183333 2021-01-31
current account to gdp 2.5 2.8 -0.107143 -0.444444 1.0 -1.0 0 2020-01-31
Monetary Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate 0.05 0.05 0 0 1.0 -1.0 0.791667 2016-03-09
central bank balance sheet 257535 249434 0.0324775 0.238334 1.0 1.0 0.8 2021-06-30
banks balance sheet 824656 862612 -0.0440012 0.366492 -1.0 1.0 0 2015-01-31
money supply m2 403670 408663 -0.0122179 0.0571567 1.0 1.0 0.383333 2021-05-31
Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Government budget 614 -4323 -1.14203 -1.43118 1.0 1.0 0.25 2021-05-31
government revenues 9413 5149 0.828122 0.486107 1.0 1.0 0.816667 2021-05-31
fiscal expenditure 8799 9473 -0.0711496 0.13433 -1.0 1.0 0.616667 2021-05-31

Austria’s gdp growth annual decreased to -4.0 by -71.63% on July 2020 from -14.1 in the previous Quarterly. On a year on year basis Austria’s gdp growth annual decreased by -266.67%. Austria’s gdp growth annual trend is down since the current value of -4.0 is lower than the 12 month moving average of -0.283333.Austria’s inflation cpi decreased to 1.3 by -13.33% on October 2020 from 1.5 in the previous Monthly. On a year on year basis Austria’s inflation cpi increased by 18.18%. Austria’s inflation cpi trend is down since the current value of 1.3 is lower than the 12 month moving average of 1.46667.Austria’s unemployment rate icnreased to 9.5 by 9.2% on November 2020 from 8.7 in the previous Monthly. On a year on year basis Austria’s unemployment rate increased by 30.14%. Austria’s unemployment rate trend is down since the current value of 9.5 is lower than the 12 month moving average of 9.725.Austria’s manufacturing pmi icnreased to 53.5 by 3.48% on December 2020 from 51.7 in the previous Monthly. On a year on year basis Austria’s manufacturing pmi increased by 16.3%. Austria’s manufacturing pmi trend is down since the current value of 53.5 is lower than the 12 month moving average of 48.2.Austria’s building permits decreased to 13653.0 by -31.76% on January 2020 from 20007.0 in the previous Quarterly. On a year on year basis Austria’s building permits decreased by -26.21%. Austria’s building permits trend is down since the current value of 13653.0 is lower than the 12 month moving average of 18677.2.Austria’s business confidence icnreased to -14.7 by 1.38% on November 2020 from -14.5 in the previous Monthly. On a year on year basis Austria’s business confidence increased by 56.38%. Austria’s business confidence trend is down since the current value of -14.7 is lower than the 12 month moving average of -16.175.Austria’s consumer confidence icnreased to -15.7 by 34.19% on November 2020 from -11.7 in the previous Monthly. On a year on year basis Austria’s consumer confidence increased by 265.12%. Austria’s consumer confidence trend is down since the current value of -15.7 is lower than the 12 month moving average of -9.39167.

Austria Business activity

Business Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
business confidence 20.3 14.3 0.41958 -2 1.0 1.0 0.15 2021-06-30
ESI - Economic Composite 113.5 105.2 0.0788973 0.724924 1.0 1.0 1 2021-04-01
manufacturing pmi 67 66.4 0.00903614 0.44086 1.0 1.0 0.966667 2021-06-30
Manufacturing sector 12.3 1.9 5.47368 -1.40594 1.0 1.0 0.25 2021-04-01
Consumer sector -8 -5.9 0.355932 -0.565217 1.0 1.0 0.5 2021-04-01
Construction sector 20.8 12.8 0.625 -2.28395 1.0 1.0 0.05 2021-04-01
Retail sector -8.2 -5.8 0.413793 -0.824411 1.0 1.0 0.183333 2021-04-01
Services sector 15.4 1.1 13 -1.33772 1.0 1.0 0.183333 2021-04-01

Austria’s business confidence icnreased to -14.7 by 1.38% on November 2020 from -14.5 in the previous Monthly. On a year on year basis Austria’s business confidence increased by 56.38%. Austria’s business confidence trend is down since the current value of -14.7 is lower than the 12 month moving average of -16.175.Austria’s ESI – Economic Composite decreased to 81.4 by -708.0% on January 2021 from 87.6 in the previous . On a year on year basis Austria’s ESI – Economic Composite decreased by -1761.0%. Austria’s ESI – Economic Composite trend is down since the current value of 81.4 is lower than the 12 month moving average of 86.2667.Austria’s manufacturing pmi icnreased to 53.5 by 3.48% on December 2020 from 51.7 in the previous Monthly. On a year on year basis Austria’s manufacturing pmi increased by 16.3%. Austria’s manufacturing pmi trend is down since the current value of 53.5 is lower than the 12 month moving average of 48.2.Austria’s Manufacturing sector icnreased to -14.7 by 138.0% on January 2021 from -14.5 in the previous . On a year on year basis Austria’s Manufacturing sector increased by 5638.0%. Austria’s Manufacturing sector trend is down since the current value of -14.7 is lower than the 12 month moving average of -16.175.Austria’s Consumer sector icnreased to -15.7 by 3419.0% on January 2021 from -11.7 in the previous . On a year on year basis Austria’s Consumer sector increased by 26512.0%. Austria’s Consumer sector trend is down since the current value of -15.7 is lower than the 12 month moving average of -9.39167.Austria’s Construction sector decreased to -8.0 by -90000.0% on January 2021 from 1.0 in the previous . On a year on year basis Austria’s Construction sector decreased by -18889.0%. Austria’s Construction sector trend is down since the current value of -8.0 is lower than the 12 month moving average of 2.0.Austria’s Retail sector icnreased to -32.8 by 10500.0% on January 2021 from -16.0 in the previous . On a year on year basis Austria’s Retail sector increased by 13768.0%. Austria’s Retail sector trend is down since the current value of -32.8 is lower than the 12 month moving average of -24.425.Austria’s Services sector icnreased to -15.9 by 6737.0% on January 2021 from -9.5 in the previous . On a year on year basis Austria’s Services sector decreased by -22927.0%. Austria’s Services sector trend is down since the current value of -15.9 is lower than the 12 month moving average of -10.2917.

Austria Consumer activity

Consumer Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
consumer confidence -2 -2.3 -0.130435 -0.759036 1.0 1.0 0.45 2021-06-30
car registrations 45311 36989 0.224986 0.160333 1.0 1.0 0.916667 2021-06-30
Consumer - General economic situation (next 12 months) -14.6 -13 0.123077 -0.666667 1.0 1.0 0.5 2021-04-01
Consumer - Financial situation (next 12 months) 5.4 3.1 0.741935 -1.69231 1.0 1.0 0.133333 2021-04-01
Consumer - Price trends (next 12 months) 35.2 33.1 0.0634441 -0.030303 1.0 -1.0 0.416667 2021-04-01
Consumer - Unemployment expectations (next 12 months) 12.1 8.5 0.423529 -0.754065 -1.0 -1.0 0.433333 2021-04-01
Consumer - Major purchases (next 12 months) -11.9 -6.7 0.776119 -0.529644 1.0 1.0 0.0333333 2021-04-01
Consumer - Savings (next 12 months) 24.8 27.7 -0.104693 0.180952 1.0 1.0 0.5 2021-04-01
Consumer - Households Financial situation 27.5 32.6 -0.156442 -0.0549828 -1.0 -1.0 0.233333 2021-04-01

Austria’s consumer confidence icnreased to -15.7 by 34.19% on November 2020 from -11.7 in the previous Monthly. On a year on year basis Austria’s consumer confidence increased by 265.12%. Austria’s consumer confidence trend is down since the current value of -15.7 is lower than the 12 month moving average of -9.39167.Austria’s car registrations decreased to 25976.0 by -16.82% on November 2020 from 31229.0 in the previous Monthly. On a year on year basis Austria’s car registrations decreased by -7.79%. Austria’s car registrations trend is down since the current value of 25976.0 is lower than the 12 month moving average of 29034.6.Austria’s Consumer – General economic situation (next 12 months) icnreased to -34.8 by 1118.0% on January 2021 from -31.3 in the previous . On a year on year basis Austria’s Consumer – General economic situation (next 12 months) increased by 18525.0%. Austria’s Consumer – General economic situation (next 12 months) trend is down since the current value of -34.8 is lower than the 12 month moving average of -21.25.Austria’s Consumer – Financial situation (next 12 months) icnreased to -4.6 by 47500.0% on January 2021 from -0.8 in the previous . On a year on year basis Austria’s Consumer – Financial situation (next 12 months) decreased by -16389.0%. Austria’s Consumer – Financial situation (next 12 months) trend is down since the current value of -4.6 is lower than the 12 month moving average of 1.21667.Austria’s Consumer – Price trends (next 12 months) decreased to 23.2 by -333.0% on January 2021 from 24.0 in the previous . On a year on year basis Austria’s Consumer – Price trends (next 12 months) decreased by -1594.0%. Austria’s Consumer – Price trends (next 12 months) trend is down since the current value of 23.2 is lower than the 12 month moving average of 27.8917.Austria’s Consumer – Unemployment expectations (next 12 months) icnreased to 55.4 by 1102.0% on January 2021 from 49.9 in the previous . On a year on year basis Austria’s Consumer – Unemployment expectations (next 12 months) increased by 15767.0%. Austria’s Consumer – Unemployment expectations (next 12 months) trend is down since the current value of 55.4 is lower than the 12 month moving average of 25.75.Austria’s Consumer – Major purchases (next 12 months) icnreased to -17.3 by 6961.0% on January 2021 from -10.2 in the previous . On a year on year basis Austria’s Consumer – Major purchases (next 12 months) increased by 1307.0%. Austria’s Consumer – Major purchases (next 12 months) trend is down since the current value of -17.3 is lower than the 12 month moving average of -16.2083.Austria’s Consumer – Savings (next 12 months) decreased to 25.2 by -455.0% on January 2021 from 26.4 in the previous . On a year on year basis Austria’s Consumer – Savings (next 12 months) increased by 2990.0%. Austria’s Consumer – Savings (next 12 months) trend is down since the current value of 25.2 is lower than the 12 month moving average of 21.1417.Austria’s Consumer – Households Financial situation decreased to 28.7 by -337.0% on January 2021 from 29.7 in the previous . On a year on year basis Austria’s Consumer – Households Financial situation increased by 830.0%. Austria’s Consumer – Households Financial situation trend is down since the current value of 28.7 is lower than the 12 month moving average of 28.4083.

Austria Manufacturing activity

Manufacturing Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi 67 66.4 0.00903614 0.44086 1.0 1.0 0.966667 2021-06-30
Manufacturing sector 12.3 1.9 5.47368 -1.40594 1.0 1.0 0.25 2021-04-01
Manufacturing - Order Books -1.8 -15.9 -0.886792 -0.957143 1.0 1.0 0.416667 2021-04-01
Manufacturing - Selling Price expectations (next months) 28.7 13.4 1.14179 -4.45783 1.0 1.0 0.183333 2021-04-01
Manufacturing - Production trend (recent months) 32.1 10.1 2.17822 -2.06291 1.0 1.0 0.133333 2021-04-01
Manufacturing - Export Order Books -7.4 -19.9 -0.628141 -0.829493 1.0 1.0 0.366667 2021-04-01
Manufacturing - Finished Products (Stock Levels) -9.2 -5 0.84 -2.37313 -1.0 -1.0 0.133333 2021-04-01
Manufacturing - Production expectations (next months) 29.3 16.7 0.754491 -1.69104 1.0 1.0 0.133333 2021-04-01
industrial production 23.4 33.8 -0.307692 -2.09859 1.0 1.0 0.2 2021-05-31
industrial production mom 1.7 3.5 -0.514286 -1.22667 1.0 1.0 0.5 2021-04-30
capacity utilization 87.1 82.2 0.0596107 -0.0180383 1.0 -1.0 0.25 2021-04-01

Austria’s manufacturing pmi icnreased to 53.5 by 3.48% on December 2020 from 51.7 in the previous Monthly. On a year on year basis Austria’s manufacturing pmi increased by 16.3%. Austria’s manufacturing pmi trend is down since the current value of 53.5 is lower than the 12 month moving average of 48.2.Austria’s Manufacturing sector icnreased to -14.7 by 138.0% on January 2021 from -14.5 in the previous . On a year on year basis Austria’s Manufacturing sector increased by 5638.0%. Austria’s Manufacturing sector trend is down since the current value of -14.7 is lower than the 12 month moving average of -16.175.Austria’s Manufacturing – Order Books decreased to -27.3 by -1947.0% on January 2021 from -33.9 in the previous . On a year on year basis Austria’s Manufacturing – Order Books increased by 6154.0%. Austria’s Manufacturing – Order Books trend is down since the current value of -27.3 is lower than the 12 month moving average of -33.25.Austria’s Manufacturing – Selling Price expectations (next months) icnreased to -6.5 by 26111.0% on January 2021 from -1.8 in the previous . On a year on year basis Austria’s Manufacturing – Selling Price expectations (next months) decreased by -60000.0%. Austria’s Manufacturing – Selling Price expectations (next months) trend is down since the current value of -6.5 is lower than the 12 month moving average of -4.19167.Austria’s Manufacturing – Production trend (recent months) decreased to 0.6 by -6842.0% on January 2021 from 1.9 in the previous . On a year on year basis Austria’s Manufacturing – Production trend (recent months) decreased by -10923.0%. Austria’s Manufacturing – Production trend (recent months) trend is down since the current value of 0.6 is lower than the 12 month moving average of -19.5333.Austria’s Manufacturing – Export Order Books decreased to -30.6 by -1752.0% on January 2021 from -37.1 in the previous . On a year on year basis Austria’s Manufacturing – Export Order Books increased by 4434.0%. Austria’s Manufacturing – Export Order Books trend is down since the current value of -30.6 is lower than the 12 month moving average of -37.2.Austria’s Manufacturing – Finished Products (Stock Levels) decreased to 7.8 by -930.0% on January 2021 from 8.6 in the previous . On a year on year basis Austria’s Manufacturing – Finished Products (Stock Levels) decreased by -3607.0%. Austria’s Manufacturing – Finished Products (Stock Levels) trend is down since the current value of 7.8 is lower than the 12 month moving average of 7.83333.Austria’s Manufacturing – Production expectations (next months) icnreased to -8.9 by 64167.0% on January 2021 from -1.2 in the previous . On a year on year basis Austria’s Manufacturing – Production expectations (next months) decreased by -121250.0%. Austria’s Manufacturing – Production expectations (next months) trend is down since the current value of -8.9 is lower than the 12 month moving average of -7.46667.Austria’s industrial production decreased to -0.6 by -57.14% on October 2020 from -1.4 in the previous Monthly. On a year on year basis Austria’s industrial production decreased by -40.0%. Austria’s industrial production trend is down since the current value of -0.6 is lower than the 12 month moving average of -5.71667.Austria’s industrial production mom decreased to 0.8 by -61.9% on October 2020 from 2.1 in the previous Monthly. On a year on year basis Austria’s industrial production mom decreased by -900.0%. Austria’s industrial production mom trend is down since the current value of 0.8 is lower than the 12 month moving average of 0.158333.Austria’s capacity utilization icnreased to 80.8 by 4.66% on August 2020 from 77.2 in the previous Quarterly. On a year on year basis Austria’s capacity utilization decreased by -8.18%. Austria’s capacity utilization trend is down since the current value of 80.8 is lower than the 12 month moving average of 84.8.

Austria Services activity

Services Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Services sector 15.4 1.1 13 -1.33772 1.0 1.0 0.183333 2021-04-01
Services - Demand Expectations (next 3 months) 22.9 15.3 0.496732 -1.52523 1.0 1.0 0.1 2021-04-01
Services - Prices expectations (next 3 months) 14.4 6.6 1.18182 -19 1.0 1.0 0.0166667 2021-04-01
Services - Business activity (past 3 months) 10 -7.3 -2.36986 -1.19685 1.0 1.0 0.216667 2021-04-01
Services - Demand (past 3 months) 13.2 -4.6 -3.86957 -1.31206 1.0 1.0 0.216667 2021-04-01
Services - Employment (past 3 months) 6.6 -5.4 -2.22222 -1.42038 1.0 1.0 0.25 2021-04-01
Services - Employment (next 3 months) 17.4 10.2 0.705882 -1.87437 1.0 1.0 0.0833333 2021-04-01

Austria’s Services sector icnreased to -15.9 by 6737.0% on January 2021 from -9.5 in the previous . On a year on year basis Austria’s Services sector decreased by -22927.0%. Austria’s Services sector trend is down since the current value of -15.9 is lower than the 12 month moving average of -10.2917.Austria’s Services – Demand Expectations (next 3 months) icnreased to -12.8 by 7778.0% on January 2021 from -7.2 in the previous . On a year on year basis Austria’s Services – Demand Expectations (next 3 months) decreased by -21228.0%. Austria’s Services – Demand Expectations (next 3 months) trend is down since the current value of -12.8 is lower than the 12 month moving average of -2.975.Austria’s Services – Prices expectations (next 3 months) decreased to -5.7 by -25000.0% on January 2021 from 3.8 in the previous . On a year on year basis Austria’s Services – Prices expectations (next 3 months) decreased by -14672.0%. Austria’s Services – Prices expectations (next 3 months) trend is down since the current value of -5.7 is lower than the 12 month moving average of 3.15833.Austria’s Services – Business activity (past 3 months) icnreased to -17.5 by 6204.0% on January 2021 from -10.8 in the previous . On a year on year basis Austria’s Services – Business activity (past 3 months) decreased by -25086.0%. Austria’s Services – Business activity (past 3 months) trend is down since the current value of -17.5 is lower than the 12 month moving average of -16.3083.Austria’s Services – Demand (past 3 months) icnreased to -17.5 by 6509.0% on January 2021 from -10.6 in the previous . On a year on year basis Austria’s Services – Demand (past 3 months) decreased by -22590.0%. Austria’s Services – Demand (past 3 months) trend is down since the current value of -17.5 is lower than the 12 month moving average of -11.6167.Austria’s Services – Employment (past 3 months) icnreased to -6.1 by 1961.0% on January 2021 from -5.1 in the previous . On a year on year basis Austria’s Services – Employment (past 3 months) decreased by -18133.0%. Austria’s Services – Employment (past 3 months) trend is down since the current value of -6.1 is lower than the 12 month moving average of -1.30833.Austria’s Services – Employment (next 3 months) On a year on year basis Austria’s Services – Employment (next 3 months) decreased by -14159.0%. Austria’s Services – Employment (next 3 months) trend is down since the current value of -4.7 is lower than the 12 month moving average of 0.216667.

Austria Retail Sector

Retail Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Retail sector -8.2 -5.8 0.413793 -0.824411 1.0 1.0 0.183333 2021-04-01
Retail - Orders Expectations (next 3 months) -19.3 -13.9 0.388489 -0.639252 1.0 1.0 0.0666667 2021-04-01
Retail - Prices expectations (next 3 months) 33.4 31.3 0.0670926 6.26087 1.0 1.0 1 2021-04-01
Retail - Business activity (past 3 months) -10.2 -6.5 0.569231 -0.848889 1.0 1.0 0.433333 2021-04-01
Retail - Stock Levels 9.1 9.9 -0.0808081 -0.692568 -1.0 -1.0 0.0333333 2021-04-01
Retail - Business activity expectations (next 3 months) -5.4 -1.1 3.90909 -0.874126 1.0 1.0 0.466667 2021-04-01
Retail - Employment expectations (next 3 months) -1 -10.7 -0.906542 -0.952381 1.0 1.0 0.45 2021-04-01
retail sales 2.1 21.9 -0.90411 -0.676923 -1.0 -1.0 0.5 2021-05-31
retail sales MoM 5.8 -5 -2.16 -0.774319 1.0 -1.0 0.633333 2021-05-31

Austria’s Retail sector icnreased to -32.8 by 10500.0% on January 2021 from -16.0 in the previous . On a year on year basis Austria’s Retail sector increased by 13768.0%. Austria’s Retail sector trend is down since the current value of -32.8 is lower than the 12 month moving average of -24.425.Austria’s Retail – Orders Expectations (next 3 months) icnreased to -41.1 by 4679.0% on January 2021 from -28.0 in the previous . On a year on year basis Austria’s Retail – Orders Expectations (next 3 months) increased by 15215.0%. Austria’s Retail – Orders Expectations (next 3 months) trend is down since the current value of -41.1 is lower than the 12 month moving average of -29.1.Austria’s Retail – Prices expectations (next 3 months) decreased to 10.9 by -4734.0% on January 2021 from 20.7 in the previous . On a year on year basis Austria’s Retail – Prices expectations (next 3 months) decreased by -1679.0%. Austria’s Retail – Prices expectations (next 3 months) trend is down since the current value of 10.9 is lower than the 12 month moving average of 13.725.Austria’s Retail – Business activity (past 3 months) icnreased to -17.5 by 28044.0% on January 2021 from -4.6 in the previous . On a year on year basis Austria’s Retail – Business activity (past 3 months) increased by 8817.0%. Austria’s Retail – Business activity (past 3 months) trend is down since the current value of -17.5 is lower than the 12 month moving average of -25.95.Austria’s Retail – Stock Levels icnreased to 34.1 by 5642.0% on January 2021 from 21.8 in the previous . On a year on year basis Austria’s Retail – Stock Levels increased by 3115.0%. Austria’s Retail – Stock Levels trend is down since the current value of 34.1 is lower than the 12 month moving average of 25.9.Austria’s Retail – Business activity expectations (next 3 months) icnreased to -46.8 by 11767.0% on January 2021 from -21.5 in the previous . On a year on year basis Austria’s Retail – Business activity expectations (next 3 months) increased by 69322.0%. Austria’s Retail – Business activity expectations (next 3 months) trend is down since the current value of -46.8 is lower than the 12 month moving average of -21.4667.Austria’s Retail – Employment expectations (next 3 months) icnreased to -14.1 by 217.0% on January 2021 from -13.8 in the previous . On a year on year basis Austria’s Retail – Employment expectations (next 3 months) decreased by -166667.0%. Austria’s Retail – Employment expectations (next 3 months) trend is down since the current value of -14.1 is lower than the 12 month moving average of -11.525.Austria’s retail sales decreased to 4.4 by -2.22% on October 2020 from 4.5 in the previous Monthly. On a year on year basis Austria’s retail sales increased by 528.57%. Austria’s retail sales trend is down since the current value of 4.4 is lower than the 12 month moving average of 0.45.Austria’s retail sales MoM decreased to 0.1 by -66.67% on October 2020 from 0.3 in the previous Monthly. On a year on year basis Austria’s retail sales MoM decreased by -66.67%. Austria’s retail sales MoM trend is down since the current value of 0.1 is lower than the 12 month moving average of 0.7.

Austria Construction Sector

Construction Activity Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Construction sector 20.8 12.8 0.625 -2.28395 1.0 1.0 0.05 2021-04-01
Construction - Current Order Books 23.1 15.5 0.490323 -3.15888 1.0 1.0 0.05 2021-04-01
Construction - Prices over next 3 months 38.2 23.7 0.611814 1.48052 1.0 1.0 0.816667 2021-04-01
Construction - Employment over next 3 months 18.5 10.2 0.813725 -1.85648 1.0 1.0 0.0833333 2021-04-01
building permits 19876 23919 -0.169029 -0.00644839 1.0 -1.0 0 2020-10-01
housing index 142.85 139.31 0.025411 0.215745 1.0 1.0 0 2021-01-01
Construction - Building Activity (past 3 months) 34.7 22.8 0.52193 -2.04834 1.0 1.0 0.15 2021-04-01
Construction - Factors Limiting (None) 37.4 43.8 -0.146119 1.3522 -1.0 1.0 1 2021-04-01
Construction - Factors Limiting (Insufficient Demand) 3.7 6.5 -0.430769 -0.403226 -1.0 -1.0 0.416667 2021-04-01
Construction - Factors Limiting (Weather) 8.6 2.3 2.73913 0.954545 1.0 1.0 0.816667 2021-04-01
Construction - Factors Limiting (Shortage of labour force) 34.8 30.6 0.137255 2.48 1.0 1.0 0.983333 2021-04-01
Construction - Factors Limiting (Shortage of material - equipment) 17 5.6 2.03571 6.3913 1.0 1.0 0.95 2021-04-01
Construction - Factors Limiting (Other) 4.4 1.7 1.58824 1.93333 1.0 1.0 0.883333 2021-04-01
Construction - Factors Limiting (Financial Constraints) -4.2 9.7 -1.43299 -1.07035 -1.0 -1.0 0.0166667 2021-04-01

Austria’s Construction sector decreased to -8.0 by -90000.0% on January 2021 from 1.0 in the previous . On a year on year basis Austria’s Construction sector decreased by -18889.0%. Austria’s Construction sector trend is down since the current value of -8.0 is lower than the 12 month moving average of 2.0.Austria’s Construction – Current Order Books icnreased to -11.0 by 17500.0% on January 2021 from -4.0 in the previous . On a year on year basis Austria’s Construction – Current Order Books decreased by -18462.0%. Austria’s Construction – Current Order Books trend is down since the current value of -11.0 is lower than the 12 month moving average of 0.0833333.Austria’s Construction – Prices over next 3 months decreased to -4.0 by -23333.0% on January 2021 from 3.0 in the previous . On a year on year basis Austria’s Construction – Prices over next 3 months decreased by -12857.0%. Austria’s Construction – Prices over next 3 months trend is down since the current value of -4.0 is lower than the 12 month moving average of 5.0.Austria’s Construction – Employment over next 3 months decreased to -4.0 by -18000.0% on January 2021 from 5.0 in the previous . On a year on year basis Austria’s Construction – Employment over next 3 months decreased by -13333.0%. Austria’s Construction – Employment over next 3 months trend is down since the current value of -4.0 is lower than the 12 month moving average of 2.58333.Austria’s building permits decreased to 13653.0 by -31.76% on January 2020 from 20007.0 in the previous Quarterly. On a year on year basis Austria’s building permits decreased by -26.21%. Austria’s building permits trend is down since the current value of 13653.0 is lower than the 12 month moving average of 18677.2.Austria’s housing index icnreased to 135.11 by 2.5% on February 2020 from 131.82 in the previous Quarterly. On a year on year basis Austria’s housing index increased by 18.27%. Austria’s housing index trend is down since the current value of 135.11 is lower than the 12 month moving average of 123.596.Austria’s Construction – Building Activity (past 3 months) decreased to -4.0 by -6364.0% on January 2021 from -11.0 in the previous . On a year on year basis Austria’s Construction – Building Activity (past 3 months) decreased by -50000.0%. Austria’s Construction – Building Activity (past 3 months) trend is down since the current value of -4.0 is lower than the 12 month moving average of -6.08333.Austria’s Construction – Factors Limiting (None) decreased to 38.0 by -2083.0% on January 2021 from 48.0 in the previous . On a year on year basis Austria’s Construction – Factors Limiting (None) decreased by -2245.0%. Austria’s Construction – Factors Limiting (None) trend is down since the current value of 38.0 is lower than the 12 month moving average of 44.0833.Austria’s Construction – Factors Limiting (Insufficient Demand) On a year on year basis Austria’s Construction – Factors Limiting (Insufficient Demand) increased by 4286.0%. Austria’s Construction – Factors Limiting (Insufficient Demand) trend is down since the current value of 10.0 is lower than the 12 month moving average of 7.08333.Austria’s Construction – Factors Limiting (Weather) On a year on year basis Austria’s Construction – Factors Limiting (Weather) decreased by -3636.0%. Austria’s Construction – Factors Limiting (Weather) trend is down since the current value of 7.0 is lower than the 12 month moving average of 4.91667.Austria’s Construction – Factors Limiting (Shortage of labour force) icnreased to 24.0 by 435.0% on January 2021 from 23.0 in the previous . On a year on year basis Austria’s Construction – Factors Limiting (Shortage of labour force) decreased by -2500.0%. Austria’s Construction – Factors Limiting (Shortage of labour force) trend is down since the current value of 24.0 is lower than the 12 month moving average of 26.0.Austria’s Construction – Factors Limiting (Shortage of material / equipment) decreased to -1.0 by -6667.0% on January 2021 from -3.0 in the previous . On a year on year basis Austria’s Construction – Factors Limiting (Shortage of material / equipment) decreased by -11000.0%. Austria’s Construction – Factors Limiting (Shortage of material / equipment) trend is down since the current value of -1.0 is lower than the 12 month moving average of 1.5.Austria’s Construction – Factors Limiting (Other) On a year on year basis Austria’s Construction – Factors Limiting (Other) decreased by -3333.0%. Austria’s Construction – Factors Limiting (Other) trend is down since the current value of 2.0 is lower than the 12 month moving average of 2.0.Austria’s Construction – Factors Limiting (Financial Constraints) icnreased to 19.0 by 9000.0% on January 2021 from 10.0 in the previous . On a year on year basis Austria’s Construction – Factors Limiting (Financial Constraints) increased by 85000.0%. Austria’s Construction – Factors Limiting (Financial Constraints) trend is down since the current value of 19.0 is lower than the 12 month moving average of 16.0833.

Austria GDP

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
Real GDP 80881.5 89184.1 -0.0930951 -0.0883654 -1.0 -1.0 0.0166667 2020-04-01
gdp growth annual -5.5 -5.6 -0.0178571 -3.03704 -1.0 -1.0 0.0833333 2021-01-01
gdp 446.315 455.508 -0.0201819 0.148251 1.0 1.0 0 2019-01-31

Austria’s Real GDP decreased to 80881.5 by -9.31% on April 2020 from 89184.1 in the previous Quarterly. On a year on year basis Austria’s Real GDP decreased by -8.84%. Austria’s Real GDP trend is down since the current value of 80881.5 is lower than the 12 month moving average of 91503.5.Austria’s gdp growth annual decreased to -4.0 by -71.63% on July 2020 from -14.1 in the previous Quarterly. On a year on year basis Austria’s gdp growth annual decreased by -266.67%. Austria’s gdp growth annual trend is down since the current value of -4.0 is lower than the 12 month moving average of -0.283333.Austria’s gdp decreased to 446.315 by -2.02% on January 2019 from 455.508 in the previous Yearly. On a year on year basis Austria’s gdp increased by 14.83%. Austria’s gdp trend is down since the current value of 446.315 is lower than the 12 month moving average of 419.346.

Austria inflation

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
inflation cpi 2.8 1.9 0.473684 3 1.0 1.0 0.983333 2021-05-31
consumer price index cpi 102.6 102.1 0.00489716 -0.05 -1.0 -1.0 0.1 2021-06-30
Producer Price Index 106.1 105.1 0.00951475 0.0599401 1.0 1.0 1 2021-05-31
PPI Index 6 4.7 0.276596 -3.30769 1.0 1.0 0.0666667 2021-05-31

Austria’s inflation cpi decreased to 1.3 by -13.33% on October 2020 from 1.5 in the previous Monthly. On a year on year basis Austria’s inflation cpi increased by 18.18%. Austria’s inflation cpi trend is down since the current value of 1.3 is lower than the 12 month moving average of 1.46667.Austria’s consumer price index cpi icnreased to 108.8 by 0.18% on October 2020 from 108.6 in the previous Monthly. On a year on year basis Austria’s consumer price index cpi increased by 1.49%. Austria’s consumer price index cpi trend is down since the current value of 108.8 is lower than the 12 month moving average of 108.008.Austria’s Producer Price Index icnreased to 101.0 by 0.3% on November 2020 from 100.7 in the previous Monthly. On a year on year basis Austria’s Producer Price Index decreased by -1.37%. Austria’s Producer Price Index trend is down since the current value of 101.0 is lower than the 12 month moving average of 101.033.Austria’s PPI Index decreased to -1.4 by -6.67% on November 2020 from -1.5 in the previous Monthly. On a year on year basis Austria’s PPI Index increased by 27.27%. Austria’s PPI Index trend is down since the current value of -1.4 is lower than the 12 month moving average of -1.56667.

Austria Government Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government budget -8.9 0.6 -15.8333 4.93333 -1.0 -1.0 0 2020-01-31
Government budget 614 -4323 -1.14203 -1.43118 1.0 1.0 0.25 2021-05-31
government revenues 9413 5149 0.828122 0.486107 1.0 1.0 0.816667 2021-05-31
fiscal expenditure 8799 9473 -0.0711496 0.13433 -1.0 1.0 0.616667 2021-05-31

Austria’s Government budget icnreased to -1390.0 by 28.35% on November 2020 from -1083.0 in the previous Monthly. On a year on year basis Austria’s Government budget decreased by -167.87%. Austria’s Government budget trend is down since the current value of -1390.0 is lower than the 12 month moving average of -1621.08.Austria’s government revenues icnreased to 8245.0 by 33.48% on November 2020 from 6177.0 in the previous Monthly. On a year on year basis Austria’s government revenues decreased by -6.03%. Austria’s government revenues trend is down since the current value of 8245.0 is lower than the 12 month moving average of 6394.67.Austria’s fiscal expenditure icnreased to 9636.0 by 32.73% on November 2020 from 7260.0 in the previous Monthly. On a year on year basis Austria’s fiscal expenditure increased by 43.26%. Austria’s fiscal expenditure trend is down since the current value of 9636.0 is lower than the 12 month moving average of 8015.83.

Austria Monetary Policy

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interest rate 0.05 0.05 0 0 1.0 -1.0 0.791667 2016-03-09
central bank balance sheet 257535 249434 0.0324775 0.238334 1.0 1.0 0.8 2021-06-30
banks balance sheet 824656 862612 -0.0440012 0.366492 -1.0 1.0 0 2015-01-31
money supply m1 312178 316419 -0.0134031 0.102756 1.0 1.0 0.316667 2021-05-31
money supply m2 403670 408663 -0.0122179 0.0571567 1.0 1.0 0.383333 2021-05-31
money supply m3 407520 411533 -0.00975134 0.0630993 1.0 1.0 0.633333 2021-05-31

Austria’s interest rate Austria’s interest rate trend is down since the current value of 0.05 is lower than the 12 month moving average of 0.05.Austria’s central bank balance sheet icnreased to 227103.0 by 1.38% on November 2020 from 224021.0 in the previous Monthly. On a year on year basis Austria’s central bank balance sheet increased by 45.66%. Austria’s central bank balance sheet trend is down since the current value of 227103.0 is lower than the 12 month moving average of 189927.0.Austria’s banks balance sheet decreased to 824656.0 by -4.4% on January 2015 from 862612.0 in the previous Yearly. On a year on year basis Austria’s banks balance sheet increased by 36.65%. Austria’s banks balance sheet trend is down since the current value of 824656.0 is lower than the 12 month moving average of 881670.0.Austria’s money supply m2 icnreased to 392937.0 by 0.05% on November 2020 from 392735.0 in the previous Monthly. On a year on year basis Austria’s money supply m2 increased by 8.23%. Austria’s money supply m2 trend is down since the current value of 392937.0 is lower than the 12 month moving average of 379424.0.

 

Austria Employment

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
EEI - Employment Composite 113.7 101.3 0.122409 0.699552 1.0 1.0 1 2021-04-01
unemployment rate 7 7.7 -0.0909091 -0.306931 -1.0 -1.0 0.05 2021-06-30
youth unemployment rate 12.6 9.5 0.326316 0.0677966 1.0 1.0 0.75 2021-05-31
long term unemployment rate 2.3 1.5 0.533333 0.352941 1.0 1.0 0.866667 2021-01-01

Austria’s EEI – Employment Composite decreased to 83.7 by -36.0% on January 2021 from 84.0 in the previous . On a year on year basis Austria’s EEI – Employment Composite decreased by -1897.0%. Austria’s EEI – Employment Composite trend is down since the current value of 83.7 is lower than the 12 month moving average of 87.3667.Austria’s unemployment rate icnreased to 9.5 by 9.2% on November 2020 from 8.7 in the previous Monthly. On a year on year basis Austria’s unemployment rate increased by 30.14%. Austria’s unemployment rate trend is down since the current value of 9.5 is lower than the 12 month moving average of 9.725.Austria’s youth unemployment rate decreased to 8.6 by -3.37% on October 2020 from 8.9 in the previous Monthly. On a year on year basis Austria’s youth unemployment rate decreased by -6.52%. Austria’s youth unemployment rate trend is down since the current value of 8.6 is lower than the 12 month moving average of 10.175.Austria’s long term unemployment rate icnreased to 1.4 by 27.27% on August 2019 from 1.1 in the previous Quarterly. On a year on year basis Austria’s long term unemployment rate decreased by -26.32%. Austria’s long term unemployment rate trend is down since the current value of 1.4 is lower than the 12 month moving average of 1.49167.

Austria Trade & Capital Flows

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
current account -811 1603 -1.50593 -1.15672 -1.0 -1.0 0.183333 2021-01-31
current account to gdp 2.5 2.8 -0.107143 -0.444444 1.0 -1.0 0 2020-01-31
exports 13674 15220 -0.101577 0.376623 1.0 1.0 1 2021-04-30
imports 14561 16119 -0.0966561 0.448856 1.0 1.0 1 2021-04-30
balance of trade -887 -899 -0.0133482 6.5812 -1.0 -1.0 0.966667 2021-04-30
capital flows 2815 -1601 -2.75828 -0.558916 1.0 -1.0 0.516667 2021-03-31
foreign direct investment 553 -6352 -1.08706 -0.892433 1.0 -1.0 0.483333 2021-01-31

Austria’s current account icnreased to 3335.0 by 36955.6% on July 2020 from 9.0 in the previous Quarterly. On a year on year basis Austria’s current account decreased by -1142.19%. Austria’s current account trend is down since the current value of 3335.0 is lower than the 12 month moving average of 2281.0.Austria’s current account to gdp icnreased to 2.6 by 13.04% on January 2019 from 2.3 in the previous Yearly. On a year on year basis Austria’s current account to gdp decreased by -31.58%. Austria’s current account to gdp trend is down since the current value of 2.6 is lower than the 12 month moving average of 2.38333.Austria’s exports decreased to 10160.0 by -19.94% on August 2020 from 12691.0 in the previous Monthly. On a year on year basis Austria’s exports decreased by -7.2%. Austria’s exports trend is down since the current value of 10160.0 is lower than the 12 month moving average of 11870.4.Austria’s imports decreased to 10827.0 by -11.28% on August 2020 from 12204.0 in the previous Monthly. On a year on year basis Austria’s imports decreased by -5.64%. Austria’s imports trend is down since the current value of 10827.0 is lower than the 12 month moving average of 12078.5.Austria’s balance of trade decreased to -667.0 by -236.96% on August 2020 from 487.0 in the previous Monthly. On a year on year basis Austria’s balance of trade increased by 26.81%. Austria’s balance of trade trend is down since the current value of -667.0 is lower than the 12 month moving average of -149.667.Austria’s capital flows icnreased to 4716.0 by 172.29% on January 2020 from 1732.0 in the previous Quarterly. On a year on year basis Austria’s capital flows increased by 42.05%. Austria’s capital flows trend is down since the current value of 4716.0 is lower than the 12 month moving average of 2584.25.Austria’s foreign direct investment icnreased to -12398.0 by 213.87% on July 2020 from -3950.0 in the previous Quarterly. On a year on year basis Austria’s foreign direct investment decreased by -438.84%. Austria’s foreign direct investment trend is down since the current value of -12398.0 is lower than the 12 month moving average of -3755.17.

Austria Reserves

Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
foreign exchange reserves 23727 23800 -0.00306723 -0.0259852 -1.0 -1.0 0.25 2021-06-30
gold reserves 279.99 279.99 0 0 -1.0 -1.0 0.591667 2020-08-01

Austria’s foreign exchange reserves decreased to 24147.0 by -4.59% on November 2020 from 25309.0 in the previous Monthly. On a year on year basis Austria’s foreign exchange reserves increased by 15.12%. Austria’s foreign exchange reserves trend is down since the current value of 24147.0 is lower than the 12 month moving average of 23975.8.Austria’s gold reserves decreased to 279.99 by -0.0% on July 2020 from 280.0 in the previous Quarterly. Austria’s gold reserves trend is down since the current value of 279.99 is lower than the 12 month moving average of 279.997.Austria’s government debt decreased to 280426.0 by -1.7% on January 2019 from 285267.0 in the previous Yearly. On a year on year basis Austria’s government debt increased by 51.85%. Austria’s government debt trend is down since the current value of 280426.0 is lower than the 12 month moving average of 264872.0.Austria’s government debt to gdp decreased to 70.4 by -4.86% on January 2019 from 74.0 in the previous Yearly. On a year on year basis Austria’s government debt to gdp increased by 8.31%. Austria’s government debt to gdp trend is down since the current value of 70.4 is lower than the 12 month moving average of 79.2833.Austria’s external debt decreased to 631157.0 by -1.26% on May 2020 from 639239.0 in the previous Quarterly. On a year on year basis Austria’s external debt increased by 8.44%. Austria’s external debt trend is down since the current value of 631157.0 is lower than the 12 month moving average of 601501.0.

 

Austria Debt

Debt Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
government debt 280426 285267 -0.0169701 0.518484 1.0 1.0 0 2019-01-31
government debt to gdp 83.9 70.5 0.190071 0.221252 1.0 1.0 0 2020-01-31
external debt 625937 619015 0.0111823 0.0778563 1.0 1.0 0.65 2021-01-01

Austria’s government debt decreased to 280426.0 by -1.7% on January 2019 from 285267.0 in the previous Yearly. On a year on year basis Austria’s government debt increased by 51.85%. Austria’s government debt trend is down since the current value of 280426.0 is lower than the 12 month moving average of 264872.0.Austria’s government debt to gdp decreased to 70.4 by -4.86% on January 2019 from 74.0 in the previous Yearly. On a year on year basis Austria’s government debt to gdp increased by 8.31%. Austria’s government debt to gdp trend is down since the current value of 70.4 is lower than the 12 month moving average of 79.2833.Austria’s external debt decreased to 631157.0 by -1.26% on May 2020 from 639239.0 in the previous Quarterly. On a year on year basis Austria’s external debt increased by 8.44%. Austria’s external debt trend is down since the current value of 631157.0 is lower than the 12 month moving average of 601501.0.

Austria Banking activity

Fiscal Policy Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
interbank rate -0.33 -0.33 0 0 1.0 -1.0 0.333333 2021-01-31
bank lending rate 1.64 1.62 0.0123457 0.00613497 1.0 1.0 0.733333 2021-05-31
loans to private sector 847446 714168 0.18662 0.0294208 1.0 1.0 0.65 2021-05-31

Austria’s interbank rate icnreased to -0.436 by 9.55% on July 2019 from -0.398 in the previous Monthly. On a year on year basis Austria’s interbank rate increased by 36.68%. Austria’s interbank rate trend is down since the current value of -0.436 is lower than the 12 month moving average of -0.337667.Austria’s bank lending rate icnreased to 1.7 by 3.66% on October 2020 from 1.64 in the previous Monthly. On a year on year basis Austria’s bank lending rate increased by 1.19%. Austria’s bank lending rate trend is down since the current value of 1.7 is lower than the 12 month moving average of 1.67083.Austria’s loans to private sector icnreased to 839390.0 by 0.02% on November 2020 from 839245.0 in the previous Monthly. On a year on year basis Austria’s loans to private sector increased by 5.17%. Austria’s loans to private sector trend is down since the current value of 839390.0 is lower than the 12 month moving average of 811063.0.

 

Austria macroeconomic model analysis

The two most important economic indicators of the Austria economy are real economic growth expectations and inflation. MacroVar uses Austria Manufacturing ESI Order Books to gauge economic growth expectations and Austria Manufacturing ESI Selling Price expectations of next months to gauge inflation expectations. Austria’s economy is healthy when it generates stable economic growth with low inflation. Policymakers (the government and the central bank) use fiscal and monetary policy to inject liquidity during slowdowns (to solve weak economic growth) and withdraw liquidity from an overheating economy (to solve high inflation).

The four economic environments

There are 4 economic environments based on economic growth and inflationary conditions. Financial assets are affected by economic growth and inflation expectations as explained in the diagram below.
MacroVar Growth Inflation Model

  • Inflation boom: Accelerating Economic growth with Rising inflation – Monetary Policy response: Hawkish
  • Stagflation: Slowing Economic Growth with Rising Inflation – Monetary Policy response: Dilemma
  • Disinflation boom: Accelerating Economic growth with Slowing Inflation – Monetary Policy response: Neutral
  • Deflation Bust: : Slowing Economic Growth with Falling Inflation – Monetary Policy response: Dovish
Read more on how to analyze a country’s macroeconomics in detail. MacroVar also provides a detailed analysis of  the global economy and the 40 largest economic in the world.Click here to learn more.

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