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...

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...

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...

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...

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 non-linear univariate structural time series model where the time of the break point is estimated. Results for GDP series suggest a break in the...

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...

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...

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...

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...

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....