Slight Decline in the Earning Power in Austria's Manufacturing Sector in 2022

In 2021, the annual average cash-flow-to-sales ratio in Austrian manufacturing was 10.1 percent, just above the long-term average of 9.6 percent. According to econometric estimates by WIFO, it will fall slightly to 9.7 percent in 2022. This reflects the mixed economic situation in 2022. For 2023, preliminary estimates point to a further decline in profitability.