The WIFO Business Cycle Survey serves as an important early-indication tool for the economic situation in Austria. Using a Markov regime-switching model, it is possible to determine at an early point in time whether the business cycle is in its upward or downward mode. Regime probabilities are...

After the slow pace recorded in 2014, growth of the Austrian economy is likely to remain modest also in early 2015. Leading indicators to date give no substantial hint for a revival of business activity. Hence, the conditions for a cyclical recovery during the first half of the year are hardly...

Die heimische Wirtschaftsleistung ging im IV. Quartal 2011 leicht zurück. Die Wachstumsdämpfung ist vor allem auf eine schwache Weltwirtschaft und die damit reduzierten internationalen Kapital- und Handelsströme zurückzuführen. Das hohe Maß an makrofinanziellen Risiken hält weiter an. Die...

Real GDP in Austria expanded by 0.2 percent in the first quarter of 2014 compared with the previous quarter. The upturn did not accelerate further, but it did strengthen. Economic growth, which is buttressed by broad-based demand, is increasingly receiving stimulus from abroad. Global economic...

Short-term prospects for the Austrian economy have little changed since the last revision of the WIFO forecast three months ago. Output in the first quarter 2014 grew as expected, albeit somewhat less than in the fourth quarter 2013. Latest leading indicators have been slightly less strong than...

Die Konjunktur hat sich im 2. Halbjahr 2012 deutlich abgeschwächt. Die Vorlaufindikatoren deuten aber bereits auf ein Ende der Abwärtsbewegung hin. Zwar sind die Signale bisher relativ gering, sie sind jedoch in einer Vielzahl von Determinanten zu erkennen. Die heimische Volkswirtschaft wird...

While short-term prospects for the Austrian economy have weakened since last June's forecast revision, the pattern of risks is somewhat uneven as external downward risks slightly dominate domestic upward risks. Against this background, Austria's GDP is expected to grow by 0.6 percent in 2012 and...

Austria's gross domestic product contracted at a quarter-on-quarter rate of 0.1 percent in real terms in the fourth quarter of 2011. The decline was dampened by gross investment and the persistent stability in private consumption. Industrial production declined markedly in December. Economic...

Short-term prospects for the Austrian economy have hardly changed since the revision of the WIFO forecast of last December. As expected, demand and output edged down slightly in the fourth quarter 2012, but leading indicators kept heading up during the first three months of 2013. Having...

Overall, the latest data on the state of the global economy suggest that the upswing will continue; they are somewhat mixed, however. Growth remains robust in the USA, Latin America and South East Asia. Developments in the euro area, by contrast, continue to be characterised by the debt crisis....