{"id":48124,"date":"2023-11-20T15:34:27","date_gmt":"2023-11-20T14:34:27","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/strong-recovery-of-earnings-power-in-austrian-manufacturing-in-2021\/"},"modified":"2024-04-03T17:28:45","modified_gmt":"2024-04-03T15:28:45","slug":"strong-recovery-of-earnings-power-in-austrian-manufacturing-in-2021","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/48124\/","title":{"rendered":"Strong Recovery of Earnings Power in Austrian Manufacturing in 2021"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-48124","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"At 9.1 percent, the cash-flow-to-sales ratio in Austrian manufacturing in 2020 was well below the long-term average of 9.5 percent. According to WIFO's econometric estimations, the cash flow ratio rose to 10.2 percent in 2021. The increase reflects the recovery from the COVID-19 crisis. Preliminary results for 2022 show a decrease of the earnings power.","onlinedate":"2022-09-30 12:00:00","lang":"English","publication_series":"","publication_date":"20220901","publication_date_year":"","publication_date_full":false,"publication_num_pages":"12","keywords":"[\"Cash flow\",\"Profitability\",\"Equity\",\"Austria\",\"COVID-19\"]","jelcodes":"[\"L22\",\"L25\",\"M21\"]","related_publications":"[\"fb90073d-bf84-4a93-9139-b949a978514f\",\"23716e21-905f-4622-8401-55acf72fdc9d\"]","pdf":216502,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"","journal":"WIFO Reports on Austria","publisher":"","invisible":false,"external":false,"embargo_date":"2022-09-30 00:00:00","types":[44424],"research_groups":[3491],"collaboration":"","persons":[3587,5003,12159],"persons_data":"[{\"personId\":3587,\"personName\":\"Klaus Friesenbichler\",\"organisationNames\":[]},{\"personId\":5003,\"personName\":\"Tim Slickers\",\"organisationNames\":[]},{\"personId\":12159,\"personName\":\"Arash Robubi\",\"organisationNames\":[\"KMU Forschung\"]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Friesenbichler, K.<\\\/span><span>, Slickers, T.<\\\/span>, &amp; Robubi, A. (2022). <span>Strong Recovery of Earnings Power in Austrian Manufacturing in 2021<\\\/span>. <span><em>WIFO Reports on Austria<\\\/em><\\\/span>, (13).<\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Friesenbichler K<\\\/span><span>, Slickers T<\\\/span>, Robubi A. <span class=\\\"title\\\"><span>Strong Recovery of Earnings Power in Austrian Manufacturing in 2021<\\\/span><\\\/span>. <span>WIFO Reports on Austria<\\\/span>. 2022 Sept;(13).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{f1022b132ec54084bbf4e6b8084270b0,<\\\/div><div>  title    = \\\"Strong Recovery of Earnings Power in Austrian Manufacturing in 2021\\\",<\\\/div><div>  abstract = \\\"At 9.1 percent, the cash-flow-to-sales ratio in Austrian manufacturing in 2020 was well below the long-term average of 9.5 percent. According to WIFO's econometric estimations, the cash flow ratio rose to 10.2 percent in 2021. The increase reflects the recovery from the COVID-19 crisis. Preliminary results for 2022 show a decrease of the earnings power.\\\",<\\\/div><div>  keywords = \\\"Cash flow, Profitability, Equity, Austria, COVID-19\\\",<\\\/div><div>  author   = \\\"Klaus Friesenbichler and Tim Slickers and Arash Robubi\\\",<\\\/div><div>  note     = \\\"Strong Recovery of Earnings Power in Austrian Manufacturing in 2021\\\",<\\\/div><div>  year     = \\\"2022\\\",<\\\/div><div>  month    = sep,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Reports on Austria\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Strong Recovery of Earnings Power in Austrian Manufacturing in 2021<\\\/p><p>AU  - Friesenbichler, Klaus<\\\/p><p>AU  - Slickers, Tim<\\\/p><p>AU  - Robubi, Arash<\\\/p><p>N1  - Strong Recovery of Earnings Power in Austrian Manufacturing in 2021<\\\/p><p>PY  - 2022\\\/9<\\\/p><p>Y1  - 2022\\\/9<\\\/p><p>N2  - At 9.1 percent, the cash-flow-to-sales ratio in Austrian manufacturing in 2020 was well below the long-term average of 9.5 percent. According to WIFO's econometric estimations, the cash flow ratio rose to 10.2 percent in 2021. The increase reflects the recovery from the COVID-19 crisis. Preliminary results for 2022 show a decrease of the earnings power.<\\\/p><p>AB  - At 9.1 percent, the cash-flow-to-sales ratio in Austrian manufacturing in 2020 was well below the long-term average of 9.5 percent. According to WIFO's econometric estimations, the cash flow ratio rose to 10.2 percent in 2021. The increase reflects the recovery from the COVID-19 crisis. Preliminary results for 2022 show a decrease of the earnings power.<\\\/p><p>KW  - Cash flow<\\\/p><p>KW  - Profitability<\\\/p><p>KW  - Equity<\\\/p><p>KW  - Austria<\\\/p><p>KW  - COVID-19<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO Reports on Austria<\\\/p><p>JF  - WIFO Reports on Austria<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[\"Peneder Michael\"]","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 v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Strong Recovery of Earnings Power in Austrian Manufacturing in 2021 - 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\/48124\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strong Recovery of Earnings Power in Austrian Manufacturing in 2021\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/48124\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-03T15:28:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/48124\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/48124\\\/\",\"name\":\"Strong Recovery of Earnings Power in Austrian Manufacturing in 2021 - 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