Business Cycle in Austria Remains Flat

Economically, Austria is currently treading water, with gross domestic product showing no growth since the beginning of the year. However, business sentiment brightened somewhat in the autumn. Private households are burdened by high inflation, which recently stood at 4 percent. This continues to be affected by the sharp rise in electricity and gas prices observed at the beginning of the year. Employment has been largely stagnant since the end of 2024. The unemployment rate is trending slightly upwards.