Quarterly national account estimates are subject to revisions over time, to account for newly available data and new methods of computation, as well as a revision of their underlying data source. In economically turbulent periods, such as the financial and economic crisis of 2008-09, revisions...

Recent institutional changes in the European Union have strengthened the original Stability and Growth Pact by negotiating the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union ("fiscal compact"). The cyclically-adjusted budget balance is the main quantitative...

After the Austrian economy still contracted also in the second quarter of 2009 (at a seasonally and working day adjusted rate of –0.5 percent quarter-on-quarter and of –4.6 percent year-on-year), the recession in the manufacturing sector continues to weaken in the third quarter. Evidence...

After the deepest decline in decades world trade has recovered since the early summer of 2009. However, most recently its volume has still been about one eighth below the peak of April 2008. The strong impulses for the world economy initially originate from the emerging economies in Asia. China...

The economic data used in the compilation of the quarterly GDP often becomes available with some delay. This calls for revisions of data concerning quarters that already lie in the past. To provide timely information on the current economic situation first results are calculated from an...

The global economy continues to recover, driven mainly by the USA and emerging Asia and Latin America. The US economy expanded at a rate of 0.8 percent in the first quarter, consumption and equipment investment remained robust. In the EU and in Austria, economic activity was subdued in the first...

Leading indicators suggest a slow recovery is under way for the Austrian and the EU economy. While notably firms in Austria's manufacturing sector have become more optimistic about the state of the economy, confidence among domestic consumers has cooled somewhat recently. Industrial activity...

Leading indicators point to a slowdown in the pace of the economic downturn in Austria and the EU overall. Uncertainty among businesses and private households is gradually diminishing. In Austria, economic activity remained subdued at the end of 2012. While industry and trade activity were...

In 2012, the Austrian economy grew by 0.8 percent in real terms. Against a background of global decline, growth in Austria similarly flagged towards the year's end. World trade growth slowed down substantially in 2012. What growth there was mainly occurred in the exports and imports of threshold...

In Austria, prospects for a pick-up in economic activity are firming. WIFO's latest Business Cycle Survey as well as the most recent expansion of production point to a gradual recovery of industrial activity. WIFO's Leading Indicator also improved for the third time. Leading indicators for the...