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 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...