In this paper we present a new long-term database on monthly export and import series for 23 economies during 1921-2010 and its first empirical application. Using these data, we analyse the synchronised decline in foreign trade during the recession 2008-09 in a historical perspective. We...

Leading indicators point to a slowdown in the pace of the economic downturn in Austria and the EU overall. Uncertainty among businesses and private households is gradually diminishing. In Austria, economic activity remained subdued at the end of 2012. While industry and trade activity were...

In 2012, the Austrian economy grew by 0.8 percent in real terms. Against a background of global decline, growth in Austria similarly flagged towards the year's end. World trade growth slowed down substantially in 2012. What growth there was mainly occurred in the exports and imports of threshold...

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...

In Austria, prospects for a pick-up in economic activity are firming. WIFO's latest Business Cycle Survey as well as the most recent expansion of production point to a gradual recovery of industrial activity. WIFO's Leading Indicator also improved for the third time. Leading indicators for the...

While the economies of the USA and emerging Asia and Latin America expanded markedly at the beginning of the year, economic activity in Europe and in Austria remained weak. Austria's economy stagnated in the first quarter, according to WIFO's flash estimate. The construction sector registered...

The global economic recovery continues, although the pace of growth has recently moderated in Asia and the USA. Austria's export sector and industry are benefiting to a particular extent from the strong performance in Germany. While construction and tourism are only slowly finding a way out of...

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...

This paper analyses the change in the Austrian business cycle over time using data back to 1954. The change in the cyclical pattern is captured using a nonlinear univariate structural time series model where the time of the break point is estimated. Results for GDP series suggest a break in the...

Quarterly national account estimates are subject to revisions over time, to account for newly available data and new methods of computation, as well as a revision of their underlying data source. In economically turbulent periods, such as the financial and economic crisis of 2008-09, revisions...