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Cash Flow Rate Contracted. Earning Power of Austrian Manufacturers in 2014

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  • Klaus Friesenbichler
  • Werner Hölzl
  • Kerstin Hölzl

Abstract

The cash-flow-to-sales ratio for Austrian manufacturing in 2014 reached 8.4 percent, again remaining below the long-term average of 9.4 percent and 0.3 percentage points below the previous year's value, according to WIFO estimates using a dynamic panel-econometric model. The reduction was mostly due to the weak growth of real value added. Estimates for 2015 forecast a slight recovery of earning power.

Suggested Citation

  • Klaus Friesenbichler & Werner Hölzl & Kerstin Hölzl, 2015. "Cash Flow Rate Contracted. Earning Power of Austrian Manufacturers in 2014," WIFO Bulletin, WIFO, vol. 20(26), pages 292-302, December.
    • Handle: RePEc:wfo:wblltn:y:2015:i:26:p:292-302
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    References listed on IDEAS

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    1. Klaus Friesenbichler, 2009. "Cash-Flow-Marge der österreichischen Sachgütererzeugung 2008 noch stabil," WIFO Monatsberichte (monthly reports), WIFO, vol. 82(6), pages 415-424, June.
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    4. Stefan Schiman, 2015. "Stimulating Effects of Tax Cuts Dampened By Counter-Financing Measures. Economic Outlook for 2015 and 2016," WIFO Economic Outlook, WIFO, number 58217, December.
    5. Adelina Gschwandtner & Val E. Lambson, 2006. "Sunk Costs, Profit Variability, and Turnover," Economic Inquiry, Western Economic Association International, vol. 44(2), pages 367-373, April.
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