WIFO-Monatsberichte (monthly reports)

The WIFO-Monatsberichte (monthly reports) contain research results and publications by WIFO staff on national and international economic developments based on sound economic analyses. Additionally, important key figures on the international and Austrian economic situation are published in the WIFO-Monatsberichte.

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Jesús Crespo Cuaresma (Vienna University of Economics and Business)
Claudia Kemfert (German Institute for Economic Research)
Philipp Schmidt-Dengler (University of Vienna)
Jens Südekum (Heinrich Heine University Düsseldorf)
Andrea Weber (Central European University)

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Klaus S. Friesenbichler, Werner Hölzl (WIFO), Kerstin Hölzl (Austrian Institute for SME Research)
Cash-Flow-Quote 2016 stabil auf hohem Niveau. Die Ertragskraft der österreichischen Sachgütererzeugung (Cash-Flow-to-Sales Ratio 2016 Remains Stable at a High Level. Profitability of Austrian Manufacturing Sector)
WIFO-Monatsberichte, 2017, 90(8), pp.619-628
Online since: 24.08.2017 0:00
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Im Jahresdurchschnitt 2015 lag die Cash-Flow-Umsatz-Relation in der österreichischen Sachgütererzeugung mit 9,2% deutlich über dem Vorjahreswert von 8,4%. 2016 wird sie voraussichtlich auf hohem Niveau verharren. Die Zunahme ging mit einer robusten Entwicklung der realen Bruttowertschöpfung der Sachgütererzeugung einher (2015 +1,8%, 2016 +1,7%). Die Cash-Flow-Quote dürfte sich gemäß der Schätzung mit einem dynamischen panelökonometrischen Modell für die Branchen der Sachgütererzeugung im Jahr 2017 weiterhin positiv entwickeln.
JEL-Codes:L22, L25, M21
Keywords:Cash-Flow, Ertragskraft, Eigenkapital, Österreich
Research group:Industrial, Innovation and International Economics
Language:German
Cash-Flow-to-Sales Ratio 2016 Remains Stable at a High Level. Profitability of Austrian Manufacturing Sector
In 2015, the cash-flow-to-sales ratio of the Austrian manufacturing sector reached an estimated 9.2 percent, exceeding the previous year's ratio of 8.4 percent. The ratio is likely to have remained at that level in 2016. This increase in manufacturing profitability is due to the sector's sound economic growth performance. The sector's value added growth rate amounted to 1.7 percent in 2016 and 1.8 percent in 2015. According to further estimates of a dynamic, panel-econometric model at industry level, the cash-flow-to-sales ratio in manufacturing will continue its upward movement in 2017.
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