Cash Flow Rate Contracted. Earning Power of Austrian Manufacturers in 2014

The cash-flow-to-sales ratio for Austrian manufacturing in 2014 reached 8.4 percent, remaining again below the long-term average of 9.4 percent and 0.3 percentage points below the previous year's value, according to WIFO estimates using a dynamic panel-econometric model. The reduction was due mostly to the weak growth of real value added. Estimates for 2015 lead to expect a slight recovery of earning power.