In 2016, the cash-flow-to-sales ratio of the Austrian manufacturing sector reached an estimated 10.0 percent, a value higher
than the previous year's ratio of 9.4 percent. The ratio should have further increased to 11.0 percent in 2017. The rising
profit-ability ratio of manufacturing corresponds with sound economic growth performance of the sector. Its real value-added
growth rate amounted to 1.3 percent in 2016 and 6.7 percent in 2017, respectively. According to additional estimates of a
dynamic panel-econometric model at the industry level, the cash-flow-to-sales ratio in manufacturing will continue its up-ward
trend in 2018.
Keywords:Cash flow, Profitability, Equity, Austria
Research group:Industrial, Innovation and International Economics