The dampening impact on exports and investment from the international business cycle slowdown is being exacerbated in Austria by a fall in construction output. As a result, the labour market situation has deteriorated significantly. The regular WIFO business surveys do not as yet give rise to...

Die Konjunktur hat sich seit Jahresbeginn abgekühlt. Das Vertrauen der Industrie in die Wirtschaftsentwicklung ist in Österreich ebenso wie im Euro-Raum zurückgegangen. Auftragsbestände und Geschäftslage wurden im II. Quartal relativ ungünstiger eingeschätzt als in den Vorquartalen.

With a projected annual rate of 2.3 percent the Austrian economy will grow less than expected so far. Real GDP growth will lag slightly behind the mark of 2.4 percent observed between 2002 and 2007. The present downturn of the US business cycle will continue to weigh on activity in the euro area...

The economic upswing remained unbroken throughout the spring. The rising tendency of exports and industrial production was not as pronounced as in the beginning of the year, but the sales of retail trade made a jump forward. In spite of the good economic situation the inflationrate declined a...

Exports of goods as the driver of business activity are losing steam, and the impulse to private consumption from the tax reform has not yet taken full effect. Yet, together with the tax reform, the marked deceleration of inflation is boosting private purchasing power, suggesting more...

The economic upswing continues, with the manufacturing index in April up by 12 percent from the year before. This development is due to a substantial stimulus of rising exports and investment activities. In accordance with the favourable economic situation, unemployment is declining noticeably,...

The forces keeping the economy on the growth track are becoming weaker. Recent data for exports and industrial output mirror the continued slack of the international business cycle. Domestic investment in machinery and equipment is also gradually losing momentum. However, strong growth of...