Leading indicators are signalling an early revival of business activity in Austria, supported mainly by the catching up of investment so far withheld and by strengthening foreign demand from key destinations like Germany and the USA. Still, the momentum of the recovery remains muted as private...

The recovery in the euro area suggested by several leading indicators early this year has so far not set in. Hence, demand and output in Austria disappointed in the first quarter of 2013. For the second half of the year, WIFO expects a gradual pick-up, leaving GDP growth for the whole year at a...