DATA - Key economic indicators for Austria

Key economic indicators for Austria
	2021	2022	2023	Q1 24	Q2 24	Q3 24	Aug. 24	Sep. 24	Oct. 24

Real economy
Forecast of key economic indicators for Austria

Economic activity
Annual change in % according to national accounts
Gross domestic product	4.8	5.3	−1.0	−1.7	−0.9	x	x	x	x
Private consumption	4.8	4.9	−0.5	0.5	−0.8	x	x	x	x
Government consumption	7.6	−0.6	1.2	0.4	0.3	x	x	x	x
Gross fixed capital formation	6.0	0.4	−3.2	−5.1	−3.7	x	x	x	x
Total exports	9.5	10.0	−0.4	−5.6	−3.9	x	x	x	x
Total imports	14.1	7.1	−4.6	−6.3	−6.0	x	x	x	x
Other economic indicators
Industrial production	10.4	3.8	0.7	x	x	x	−2.3	−1.0	x
Retail sales	3.0	−0.8	−3.5	x	x	x	1.7	−0.2	x



Contribution to value added according to national accounts
Industrial production (NACE B-E)	10.0	9.5	7.6	−6.6	−3.7	x	x	x	x
Private services (NACE G-N)	4.2	12.2	6.9	4.1	3.2	x	x	x	x



in % of GDP
Current account balance	1.7	−0.9	1.3	2.1	2.9	x	x	x	x



Prices
Annual change in %
HICP	2.8	8.6	7.7	x	x	x	2.4	1.8	1.8
Core inflation	2.1	5.7	7.9	5.0	3.9	3.4	3.5	3.1	3.2
Residential property prices	11.8	10.3	−1.6	−2.6	−2.5	−2.2	x	x	x
Producer prices	7.9	19.4	1.8	x	x	x	−2.1	−2.6	x
Wholesale prices	10.4	20.9	−1.7	x	x	x	−1.2	−3.1	−1.3



US Dollar/Barrel
Oil price Brent	70.7	98.6	82.1	x	x	x	78.8	72.9	75.3



Saving
in % of disposable income
Net savings ratio	11.4	8.8	8.7	10.2	x	x	x	x	x



Labor market
Annual change in %
Persons employed	2.4	2.9	1.1	x	x	x	−0.2	0.2	0.0
Job vacancies	51.3	32.0	−13.6	x	x	x	−15.5	−14.0	−13.4



in % of labor supply
Unemployment rate ( Eurostat definition)	6.2	4.7	5.1	4.9	5.1	x	5.3	5.6	x
Umemployment rate (national definition)	8.0	6.3	6.4	7.5	6.5	6.5	6.7	6.5	6.9



Budget and debt
in % of GDP
General government surplus/deficit (Maastricht)	−5.7	−3.3	−2.6	x	x	x	x	x	x
General government debt	82.4	78.4	78.6	x	x	x	x	x	x



in % of disposable income
Private household debt	93.8	92.0	83.2	79.1	77.5	x	x	x	x



in % of gross operating surplus
Corporate debt	385.7	378.9	373.9	508.0	535.9	x	x	x	x



Financial indicators
Interest rates, returns and exchange rates
in % p.a.
Average government bond yields weighted by outstanding amounts	−0.3	1.3	3.0	2.8	3.0	2.8	2.8	2.7	2.6
Returns on long-term government bonds	−0.1	1.7	3.1	x	x	x	2.8	2.7	2.7
Spread of government bond yields vis a vis Germany	0.3	0.6	0.6	x	x	x	0.6	0.5	0.5
Interest rates for house purchases (outstanding amount)	1.5	1.6	2.9	x	x	x	3.2	3.2	x
Interest rates for house purchases (new business)	1.2	1.9	3.9	x	x	x	3.9	3.9	x
Interest rates for corporate loans (outstanding amount)	1.5	1.7	4.0	x	x	x	4.4	4.3	x
Interest rates for corporate loans (new business)	1.3	1.9	4.5	x	x	x	4.7	4.6	x
ATX (Austrian Traded Index)	3,436	3,200	3,227	3,410	3,622	x	3,617	3,616	x
ATX (Austrian Traded Index) based on total returns	6,858	6,649	7,014	7,564	8,258	x	8,430	8,427	x
EUR/USD exchange rate	1.18	1.05	1.08	x	x	x	1.10	1.11	1.09
Indicator for nominal price competitiveness	107.4	105.8	107.6	108.3	108.7	109.2	109.2	109.3	109.1



Banking industry - structure
Number of banks (head offices) in Austria	520	493	472	471	471	465	x	x	x
Number of banks (branch offices) in Austria	3,406	3,286	3,195	3,176	3,168	3,147	x	x	x



Aggregated Income and Financial Statement as well as own funds (CBD)
in EUR mio
Total Assets/Liabilities	1,196,594	1,199,636	1,215,536	1,242,477	1,243,432	x	x	x	x
Loans and advances	787,015	813,886	819,194	832,287	843,710	x	x	x	x
Deposits of non-banks	686,238	709,345	716,723	723,551	734,052	x	x	x	x
Operating gains/losses	9,022	12,820	18,869	4,438	9,144	x	x	x	x
Net interest income	15,659	19,304	25,465	6,431	12,829	x	x	x	x
Net fee and comission income	8,042	10,188	9,562	2,379	4,789	x	x	x	x
Profit or Loss after tax and minority interest	6,085	9,835	12,606	3,382	6,966	x	x	x	x



Key figures (CBD)
in %
Total capital ratio	19.3	19.5	20.6	20.2	20.7	x	x	x	x
Common equity tier 1 (CET1) capital ratio	16.0	16.5	17.6	17.2	17.7	x	x	x	x
NPL ratio	2.1	2.1	2.6	2.6	2.7	x	x	x	x



Banks' foreign business
in EUR mio
Total Claims vis-a-vis CESEE	278,903	292,598	306,445	313,977	318,673	x	x	x	x
Banks total assets/liabilities of foreign subsidiaries	271,975	279,225	288,360	297,722	303,040	x	x	x	x
Profit or loss after tax and minority interest of foreign subsidiaries	2,977	5,215	5,451	1,394	3,113	x	x	x	x


Source: OeNB.

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