Business Tendency Surveys: Employment: Economic Activity: Services: Tendency for Austria
BVEMTE02ATM460S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.50
Year-over-Year Change
-48.60%
Date Range
10/1/1996 - 6/1/2024
Summary
The 'Business Tendency Surveys: Employment: Economic Activity: Services: Tendency for Austria' tracks the employment outlook in Austria's service sector based on survey data. This metric provides timely insight into the health and trajectory of the Austrian services economy.
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 indicator measures the employment expectations of businesses in the Austrian services sector. It is part of a broader set of 'business tendency surveys' conducted by statistical agencies to gauge economic conditions and forward-looking sentiment.
Methodology
The data is collected through survey responses from a representative sample of service-sector firms in Austria.
Historical Context
Policymakers and analysts monitor this trend to assess the near-term outlook for the Austrian economy.
Key Facts
- The survey has been conducted monthly since 1996.
- Austria's services sector accounts for over 60% of GDP.
- The indicator ranges from -100 to +100, with positive values signaling expanding employment.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the employment outlook in Austria's service sector based on survey data from businesses.
Q: Why is this trend relevant for users or analysts?
A: It provides timely insight into the health and trajectory of the Austrian services economy, which is a critical component of the country's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through monthly survey responses from a representative sample of service-sector firms in Austria.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this indicator to assess the near-term outlook for the Austrian economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delay, providing timely insight into employment conditions in Austria's services sector.
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Citation
U.S. Federal Reserve, Business Tendency Surveys: Employment: Economic Activity: Services: Tendency for Austria (BVEMTE02ATM460S), retrieved from FRED.