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.

Editorial Board
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)

Online full-text issues available since 1927 – One-year subscription € 270, single issue € 27.50

Subscription form

Information for authors
 

Search for articlesAdvanced search

Show all

Details

Klaus S. Friesenbichler, Nicole Schmidt-Padickakudy (WIFO), Arash Robubi (Austrian Institute for SME Research)
Cash-Flow-Quote der österreichischen Sachgütererzeugung 2019 rückläufig (Cash-flow Ratio of Austrian Manufacturing Declines in 2019)
WIFO-Monatsberichte, 2020, 93(9), pp.649-658
Online since: 28.09.2020 0:00
PDF download
 
Im Jahresdurchschnitt 2018 lag die Cash-Flow-Umsatz-Relation in der österreichischen Sachgütererzeugung mit 9,9% noch deutlich über dem langjährigen Durchschnitt von 9,5%. Gemäß ökonometrischen Schätzmodellen des WIFO sank sie 2019 auf 8,8%. Aufgrund der tiefen Rezession, die durch die COVID-19-Pandemie und die gesundheitspolitischen Maßnahmen zu ihrer Eindämmung verursacht wurde, ist die Ertragskraft 2020 weiter rückläufig. Der Rückgang dürfte tiefer sein als in der Finanzmarkt- und Wirtschaftskrise 2008/09.
JEL-Codes:L22, L25, M21
Keywords:Cash-Flow, Ertragskraft, Eigenkapital, Österreich
Research group:Industrial, Innovation and International Economics
Language:German
Cash-flow Ratio of Austrian Manufacturing Declines in 2019
At 9.9 percent, the cash flow-to-sales ratio in Austrian manufacturing in 2018 was still well above the long-term average of 9.5 percent. According to WIFO's econometric estimation models, the cash-flow ratio fell to 8.8 percent in 2019. Due to the deep recession caused by the COVID-19 pandemic and the measures taken against it, earnings power is shrinking further in 2020. The decline is likely to be deeper than in the financial market and economic crisis in 2008-09.
Back

Contact persons

 
Hans Pitlikback to list

apl. Prof. Dr. Hans Pitlik

Function: Senior Economist, Editor-in-chief WIFO-Monatsberichte and WIFO Reports on Austria
Tatjana Weberback to list

Tatjana Weber

Activities: Publications, website, subscriptions
Tamara Fellingerback to list

Tamara Fellinger

Activities: Publications, website, subscriptions