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.

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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)

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Klaus Friesenbichler, Tim Slickers (WIFO), Arash Robubi (Austrian Institute for SME Research)
Kräftige Erholung der Ertragskraft der österreichischen Sachgütererzeugung 2021 (Strong Recovery of Earnings Power in Austrian Manufacturing in 2021)
WIFO-Monatsberichte, 2022, 95(8), pp.517-527
Online since: 29.08.2022 0:00
 
Im Jahresdurchschnitt 2020 lag die Cash-Flow-Umsatz-Relation in der österreichischen Sachgütererzeugung mit 9,1% noch deutlich unter dem langjährigen Durchschnitt von 9,5%. Gemäß ökonometrischen Schätzungen des WIFO stieg sie 2021 auf 10,2%. Der Anstieg der Cash-Flow-Quote spiegelt die Erholung von der COVID-19-Krise wider. Für das Jahr 2022 zeigen vorläufige Schätzungen einen Rückgang der Ertragskraft.
JEL-Codes:L22, L25, M21
Keywords:Cash-Flow, Eigenkapital, Ertragskraft, Österreich, COVID-19
Research group:Industrial Economics, Innovation and International Competition
Language:German

Strong Recovery of Earnings Power in Austrian Manufacturing in 2021
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.

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