In 2013, the cash-flow-to-sales ratio of the Austrian manufacturing sector reached an estimated 9.0 percent, a value significantly below the long-run average of 9.6 percent. The persistently muted performance of the manufacturing sector has affected the cash-flow-to-sales ratio, which declined...

In 2001, Austrian manufacturing experienced a marked slowdown in demand. Due to the weak growth performance on a world-wide scale, exports to the main trading partners lost their dynamism. WIFO estimates that production expanded by only 1.8 percent in 2001. In the WIFO industry surveys, firms...

Austrian manufacturing faced a situation of weak demand in 2002. According to WIFO estimates, production grew by only 0.5 percent. The WIFO surveys confirm the absence of growth prospects and report no substantial improvement of pessimistic expectations during 2002. The weak demand also affected...

Based on a small panel of NACE 2-digit industries, econometric estimates indicate a cash flow to sales ratio of Austrian manufacturing firms of approximately 10.3 percent in 2008. This marks a significant drop from the extraordinarily high 13.7 percent in 2007, and can be explained by the...

According to WIFO estimates, Austrian manufacturing achieved a cash flow to sales ratio of 11 percent in 2003, which is comparable to the performance in 2002. The high cash flow to sales ratio in 2002 had been unexpected, given the sluggish growth prospects. A survey among major firms conducted...

Our econometric estimates indicate that in 2005 Austrian manufacturing has achieved a cash-flow to sales ratio of about 9.7 percent, which is slightly higher than 2004. In the second half of 2005 demand growth accelerated, however the high price of oil seems to have impeded a more substantial...

In response to the conflict between Ukraine and Russia, which has so far led to the Crimea being annexed by Russia, the USA and EU have introducted sanctions against individuals by way of refusing their entry and blocking their bank accounts and are threatening to increase the circle of those...

In response to poor cyclical prospects and low inflationary expectations, the ECB introduces non-standard purchasing programmes and adds securities of higher risk to its assets. Jean-Claude Juncker is confirmed President of the European Commission by the European Parliament. The European Council...

The WIFO Business Cycle Survey serves as an important early-indication tool for the economic situation in Austria. Using a Markov regime-switching model, it is possible to determine at an early point in time whether the business cycle is in its upward or downward mode. Regime probabilities are...

The European Central Bank starts to purchase government bonds of euro-zone countries; the Expanded Asset Purchase Programme (EAPP) is intended to increase liquidity in order to ward off the risks of a prolonged low inflation phase. Greece requires more financial aid. The sanctions imposed by the...