Leading Indicators Signal a Downturn
In contrast with developments abroad demand and output rose unabated in Austria until end-1990. However, industrial orders have weakened and firms are more sceptical on the business outlook, according to the latest WIFO survey of late January. The Gulf war has obviously played a role. Thus, the early end of the military conflict and continued low oil prices may well lead to a rebound in the investment propensity from now on. Due to lively demand from Germany volume exports rose 13 percent year-on-year in the 4th quarter 1990, industrial output increased by 6½ percent. The current account for the whole of 1990 yielded a surplus of AS 9½ billion (½ percent of GDP), higher than in any year since 1982.
Year of publication: |
1991
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Authors: | Walterskirchen, Ewald |
Published in: |
WIFO Monatsberichte (monthly reports). - Österreichisches Institut für Wirtschaftsforschung (WIFO), ISSN 0029-9898. - Vol. 64.1991, 3, p. 99-110
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Publisher: |
Österreichisches Institut für Wirtschaftsforschung (WIFO) |
Subject: | Günstige Konjunkturdaten | aber weniger optimistische Produktionserwartungen | Leading Indicators Signal a Downturn |
Description of contents: | Abstract [wifo.ac.at] |
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