{"id":114672,"date":"2024-01-22T19:00:12","date_gmt":"2024-01-22T18:00:12","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/114672\/"},"modified":"2026-02-17T16:37:33","modified_gmt":"2026-02-17T15:37:33","slug":"entwicklung-der-cash-flow-marge-2009-von-der-wirtschaftskrise-bestimmt-cash-flow-und-eigenkapital-der-oesterreichischen-sachguetererzeugung","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/114672\/","title":{"rendered":"Significant Crisis-caused Decline of Austrian Manufacturers' Earning Power in 2009. Cash Flow and Equity in 2009"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-114672","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"In 2009 the cash flow to sales ratio in the Austrian manufacturing sector is expected to have declined significantly. Already 2008 was marked by a modest drop to 11.2 percent. For 2009 econometric estimates based on a panel of NACE 2-digit industry data indicate a cash flow to sales ratio of approximately 7.5 per-cent, equivalent to a reduction by a third over 2008. This can be explained by the impact of the crisis on the manufacturing sector which in 2009 experienced a real decline in value added by 11.7 percent and a decline in exports by 20 percent. Comparative international figures are available only up to 2008. They show a stable development in the equity ratio up to 2008. The average financial structure of Austrian manufacturers should have remained stable in 2009, despite the significant reduction in earning power.","onlinedate":"2010-06-01 02:00:00","lang":"German","publication_series":"","publication_date":"20100601","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Cash-Flow Sachg\u00fctererzeugung Selbstfinanzierungskraft Eigenkapitalausstattung\"]","jelcodes":"[]","related_publications":"[]","pdf":441509,"zip":null,"link":"https:\/\/www.wifo.ac.at\/wwa\/pubid\/40614","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"83","monthly_report_pages":"507-516","monthly_report_pages_sort":"507","issue":"6","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3491],"collaboration":"","persons":[3607],"persons_data":"[{\"personId\":3607,\"personName\":\"Werner H\u00f6lzl\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Significant Crisis-caused Decline of Austrian Manufacturers&#039; Earning Power in 2009. Cash Flow and Equity in 2009 - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/114672\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Significant Crisis-caused Decline of Austrian Manufacturers&#039; Earning Power in 2009. 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