The Austrian economy expanded by 0.8 percent quarter-on-quarter and 3.4 percent year-on-year in the third quarter of 2007, according to WIFO's latest flash estimate. While exports continued to be the main driver of the upswing, investment in machinery and electrical equipment also posted...

In January, business expectations continued to improve. According to the business survey conducted by the Austrian Institute of Economic Research, production expectations in manufacturing are markedly more optimistic than in the previous quarter: more firms expect an increase rather than a...

The strengthening of global economic activity has initiated a recovery in Europe this year. Lively exports have led to a marked increase in manufacturing output. In Austria, as in the euro area as a whole, GDP is set to rise by 1.9 percent in volume in 2004. While world trade may lose momentum...

After the prosperous year of 1998, which saw a growth rate of 3.3 percent, economic expansion in Austria will slow down to 2.4 percent as a result of adverse international conditions. Consumer spending will remain the backbone of the economy. The advance in economic activity is unlikely to be...

Der Konjunkturzyklus dürfte Anfang 2002 seinen unteren Wendepunkt erreicht haben. Der Aufschwung sollte nun von Quartal zu Quartal an Dynamik gewinnen. Wegen des gedrückten Ausgangsniveaus wird das Wachstum des BIP im Jahresdurchschnitt 2002 allerdings nur 1,2% betragen, im kommenden Jahr...

The world economy is still in recession, a new pick-up of activity is not yet visible. Real GDP, on a seasonally adjusted basis, has been declining for over a year in the U. S., more recently also in Germany. Given the unfavourable environment, activity in Austria has held up well, mainly...

Non-wage labour costs are relatively high in Austria. This is due, above all, to the level of employer contributions to social security, payroll-dependent charges, and the extent of non-productive times. If – in the interest of logical coherence – bonus payments (13th and 14th monthly...

The world economy continues to expand at a vigorous rate for the fifth year in a row, with real output growth exceeding 5 percent. Downside risks to global economic activity have increased mainly because of the aggravation of the real estate crisis in the USA, where real estate prices have been...