Statistische Nachrichten - Summaries November 2019

Working Poor

Working Poor – the new indicator based on individual incomes in comparison with the Eurostat indicator based on EU-SILC

This article presents a new indicator to analyse the connection between work and poverty. Previous approaches in the context of EU-SILC dealing with this connection made use of the equivalised income. However, these approaches are not adequate to analyse individual characteristics like gender and age. The proposed indicator aims to correct this flaw. It is based on a concept of individual at-risk-of-poverty within the household context and aims to bring together the household perspective and the perspective of the individual: important is the individual income (from work), the household context defines the poverty threshold. Besides a general discussion of the new approach the article also presents first analyses and interpretations, mainly in comparison with the concept of “in-work poverty”. The new indicator, then, allows for answering the question how many people in paid work depend on financial resources additional to their income from work to avoid becoming at-risk-of-poverty.

Minimum Income Scheme 2018

In 2018 a total of 289 646 persons were supported by the minimum income scheme (“Mindestsicherung”). After the strong annual growth until 2016 and a stagnation in 2017, the number of supported persons decreased by 18 208 (-5.9%) compared to the previous year. The total expenditure (subsistence, housing needs, protection in case of sickness) amounted to EUR 941 million (-36 million or -3.7% compared to 2017). Corresponding to the number of recipients (63%, annual average), the major part thereof was spent in Vienna (EUR 621 million). The average monthly expenditure per community in need for subsistence and housing needs reached EUR 638 and was highest in Vorarlberg (EUR 813) and in Tyrol (EUR 729).

CPI September 2019

The inflation rate of the Consumer Price Index (CPI, base year 2015) in September 2019 amounted to 1.2% (August 2019: 1.5%), as Statistics Austria reports. Expenditures for housing, water and energy (+2.8% compared to September 2018) remained the most important price driver, followed by expenditures for restaurants and hotels (+3.1%). Decreasing prices for telecommunication and transport had a dampening effect on the inflation rate. The index level of the CPI was 107.0. Compared to the previous month, the average price level increased by 0.5%.

The index level of the Harmonised Index of Consumer Prices (HICP, base year 2015) in September 2019 was 107.42 (August revised: 106.34), with the harmonised inflation rate amounting to 1.2%.

The Profiling of Enterprise Groups

Implementation in Austria and consequences for Structural Business Statistics

The present implementation of the currently valid EU regulation on statistical units for business statistics seems to be outdated due to the changed economic reality. An adjustment in the concept of structural business statistics is necessary to improve the validity of the data, while at the same time improving the consistency and coherence of the data, as well as avoiding double counting through an increasingly integrated data production process. Although a complete transition to the “statistical enterprise” is planned only with the implementation of FRIBS (reference year 2021), the reporting year 2018 will be regarded as the first milestone in which large enterprise groups can voluntarily provide data to Statistics Austria in order to get valuable analytical insights for the future process.

Gross Domestic Product 2018

This article provides an overview of the recent results of the Austrian national accounts for the year 2018 and explains the major revisions for the years 2015 to 2017. Most of the changes are due to the availability of more recent and detailed business statistics and to the balancing process of supply and use tables. Gross domestic product (GDP) grew by 2.4% in real terms in 2018. Hence, the economic upturn (2016: +2.1%; 2016: +2.5%) continued in 2018. According to the information so far available, real GDP growth in the European Union was 2.0% and, thus, fell short of the Austrian growth rate.