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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...
Persistent link: https://www.econbiz.de/10008518283
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....
Persistent link: https://www.econbiz.de/10008518293
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...
Persistent link: https://www.econbiz.de/10008476159
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...
Persistent link: https://www.econbiz.de/10008476161
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...
Persistent link: https://www.econbiz.de/10008523793
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...
Persistent link: https://www.econbiz.de/10010744619
Economic activity in Austria remains subdued. The export-driven manufacturing sector suffers from persistently weak demand in the euro area. Trade and tourism have lately registered a decline in sales. Leading indicators point to a tentative improvement in Austria. In the EU, too, economic...
Persistent link: https://www.econbiz.de/10010687440
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...
Persistent link: https://www.econbiz.de/10010776419