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, Susanne Bärenthaler-Sieber (WIFO), Kerstin Hölzl (Austrian Institute for SME Research)
Cash-Flow-Quote 2017 gestiegen. Die Ertragskraft der österreichischen Sachgütererzeugung (Cash-Flow-to-Sales Ratio Increased in 2017. Profitability of the Austrian Manufacturing Sector)
WIFO-Monatsberichte, 2018, 91(8), pp.555-564
Online since: 23.08.2018 0:00
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Im Jahresdurchschnitt 2016 lag die Cash-Flow-Umsatz-Relation in der österreichischen Sachgütererzeugung mit 10,0% deutlich über dem Vorjahreswert von 9,4%. Gemäß der WIFO-Schätzung für das Jahr 2017 erhöhte sie sich 2017 erneut (auf 11,0%). Die Zunahme ging mit einem deutlichen Anstieg der realen Bruttowertschöpfung der Sachgütererzeugung einher (2016 +1,3%, 2017 +6,7%). Die Cash-Flow-Quote dürfte sich gemäß der Schätzung mit einem dynamischen panelökonometrischen Modell für die Branchen der Sachgütererzeugung im Jahr 2018 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 Increased in 2017. Profitability of the Austrian Manufacturing Sector
In 2016, the cash-flow-to-sales ratio of the Austrian manufacturing sector reached an estimated 10.0 percent, a value higher than the previous year's ratio of 9.4 percent. The ratio should have further increased to 11.0 percent in 2017. The rising profitability ratio of manufacturing corresponds with sound economic growth performance of the sector. Its real value-added growth rate amounted to 1.3 percent in 2016 and 6.7 percent in 2017, respectively. According to additional estimates of a dynamic panel-econometric model at the industry level, the cash-flow-to-sales ratio in manufacturing will continue its upward trend in 2018.
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