In 2017, at 10.6 percent, the average cash-flow-to-sales ratio for the Austrian manufacturing industry was again significantly
higher than in the previous year (10.2 percent). According to the WIFO estimate it however stagnated in 2018. In 2019, the
cash-flow ratio is expected to decline according to the estimate using a dynamic panel econometric model for the manu-facturing
industries.
Keywords:Cash flow, Profitability, Equity, Austria
Research group:Industrial, Innovation and International Economics