Business Tendency Surveys: Business Situation: Economic Activity: Services: Tendency for Austria
AUTBVBUTE02STSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.70
Year-over-Year Change
-227.03%
Date Range
10/1/1996 - 6/1/2025
Summary
The Business Tendency Surveys: Business Situation: Economic Activity: Services: Tendency for Austria measures the sentiment of Austrian service sector businesses regarding the current state of economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This survey-based index tracks the self-reported business situation among Austrian service providers, providing insight into the overall health and outlook of the services sector. It is a leading indicator used by economists and policymakers to assess the broader Austrian economy.
Methodology
The data is collected through monthly surveys of Austrian service businesses.
Historical Context
This trend is closely watched by the Austrian government and the European Central Bank to gauge the trajectory of the domestic economy.
Key Facts
- The index ranges from -100 to +100, with positive values indicating an improving business situation.
- Austria's service sector accounts for over 70% of the country's GDP.
- The survey has been conducted monthly since 1997.
FAQs
Q: What does this economic trend measure?
A: This trend measures the self-reported business situation among service providers in Austria, capturing their sentiment on the current state of economic activity in the services sector.
Q: Why is this trend relevant for users or analysts?
A: This survey-based index is a leading indicator used by economists and policymakers to assess the overall health and trajectory of the Austrian economy, as the services sector is a major driver of GDP.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Austrian service businesses.
Q: How is this trend used in economic policy?
A: The Austrian government and the European Central Bank closely monitor this trend to gauge the state of the domestic economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with minimal delays, providing timely insights into the services sector.
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Citation
U.S. Federal Reserve, Business Tendency Surveys: Business Situation: Economic Activity: Services: Tendency for Austria (AUTBVBUTE02STSAM), retrieved from FRED.