The global economy is slowly improving. After economic output in the USA and the EU contracted at a slower pace in the second quarter, industrial activity is likely to have bottomed out in the summer. The inventory cycle, along with fiscal policy measures, is also stabilising the global economy....

Global economic activity remains weak, although leading indicators suggest that it is slowly recovering. Confidence among businesses and private households is growing also in Austria, according to WIFO's most recent business cycle survey. At the end of last year, economic momentum still remained...

The recovery of the global economy continues, but its momentum has eased somewhat recently. The economy in the EU also expanded further, but with substantial differences across countries. Austria's export sector and industry benefited from the strong performance in Germany. WIFO's most recent...

The Austrian economy also remains tepid in a context of weak economic activity in Europe. The export-driven manufacturing sector is recovering only slowly; the production index has stabilised in recent months, although it suffered a renewed decline in May. The latest leading indicators show only...

The global economic downturn continued at the end of 2008. GDP contracted also in Austria in the fourth quarter of 2008, albeit less so than in the USA and in the largest economies in the EU. Notably Austria's export-driven industry suffers from the decline in global demand. The results of...

Against the background of a cooling global economy, the Austrian economy continued to grow at a robust pace in the fourth quarter of 2007. General business activity expanded by 0.7 percent in real terms quarter-on-quarter, according to WIFO's latest flash estimates. Export-oriented industrial...

In the context of the global economic slowdown, the Austrian economy has also begun to lose momentum. Following a deceleration in the pace of economic expansion in Austria already in the second quarter compared with previous quarters (+0.4 percent in real terms quarter-on-quarter), evidence...

The global downturn is also taking hold of Austria. In the third quarter of 2008, Austria's real GDP grew at a seasonally and working day adjusted rate of 0.1 percent quarter-on-quarter (+1.5 percent year-on-year). The export-driven manufacturing sector registered a decline in value added, and...

The results of the WIFO business cycle survey show that sentiment in the manufacturing and construction sectors has brightened markedly in the first quarter of 2006. Production output and export figures are displaying a modest up-ward tendency. But there is no indication yet of a rebound in...