During the last few months, output in Austria's manufacturing industry expanded vigorously; in April, for the first time in many years, the number of jobs in manufacturing increased. The Asian crisis has barely impaired the business climate. At the beginning of the year, output in the...

The Austrian economy grew by 0.8 percent quarter-on-quarter or 3.2 percent year-on-year in the first quarter of 2007, according to WIFO's latest flash estimate. Goods exports and investment are the main pillars of the upturn. The sentiment among manufacturers is currently as optimistic as last...

Driven by exports and investment, demand and output in Austria are growing by 2.6 percent in volume in 2006, the highest rate since 2000. By contrast, the momentum of private consumption remains subdued, despite the boost to net incomes from the tax reform. The jump in oil prices is hardly...

In late summer, activity in the financial markets was overshadowed by the crisis in Russia and the turbulence on the international stock exchanges. The financial outlook was also dimmed by the ongoing Asian crisis. The business climate of the Austrian manufacturing sector was barely impaired,...

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...

Austria's GDP is set to grow by 2.6 percent in 2006 and 2.1 percent in 2007. Exports, but also investment in machinery and equipment are stimulating business activity this year. The front-loading of purchases in Germany will have positive spill-over effects also in Austria in 2006. However, in...

Economic growth in Austria accelerated in the first quarter of 2007 despite the impact of the value added tax increase in Germany. Real GDP growth was 0.8 percent quarter-on-quarter and 3.2 percent year-on-year. Goods exports and investment are the main pillars of the economic upturn. Business...

The projection for GDP growth in 2005 and 2006 remains unchanged, but the risk of adverse developments has increased. The further cyclical profile in the euro area is uncertain, since the gains in exports and corporate earnings have so far not translated into the expected higher investment and...

The forces keeping the economy on the growth track are becoming weaker. Recent data for exports and industrial output mirror the continued slack of the international business cycle. Domestic investment in machinery and equipment is also gradually losing momentum. However, strong growth of...