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For several months, business surveys have indicated a gradual but steady improvement of firms' expectations. Opinions on the current economic situation are also somewhat more upbeat in manufacturing and substantially more so in the construction industry. A turnaround on the labour market,...
Persistent link: https://www.econbiz.de/10004974812
No signs are currently visible of a cyclical recovery in Europe. Survey results for Austria as for the whole EU suggest …
Persistent link: https://www.econbiz.de/10004975410
Recent months have seen a further improvement in business and consumer sentiment. Companies intend to invest considerably more than last year. Real retail sales also picked up at the turn of the year. The modest rise in prices contributed to a strengthening of purchasing power at the beginning...
Persistent link: https://www.econbiz.de/10005031529
The real economy is now feeling the full impact of the global financial crisis. The economic downturn, which started out with exports, is now spreading to all the other demand components. Real GDP barely grew quarter-on-quarter in the third quarter of 2008 (+0.1 percent). In year-on-year terms,...
Persistent link: https://www.econbiz.de/10005059306
The dampening impact of the international cyclical slowdown on Austrian exports and business investment is being exacerbated by a decline in construction activity: in April and May, the sector's gross output fell by an inflation-adjusted 8 percent below the year-earlier level. Domestic...
Persistent link: https://www.econbiz.de/10004978828
manufacturing sector. The boom in exports has not, or only hesitantly been transmitted to domestic demand. In Austria, exports and …
Persistent link: https://www.econbiz.de/10004975449
. In Austria too, confidence in the business sector has been growing for months. In particular, production expectations and … last year. In an international comparison, Austria claims a high rank in terms of price stability: on the Harmonised … the changeover to euro cash money may have added to inflation, that has not been the case in Austria. As could be expected …
Persistent link: https://www.econbiz.de/10004975431
The Austrian economy is set to grow by slightly less than 1 percent this year and by over 2 percent in 2003. The risks surrounding the recovery of the business cycle, to which WIFO had pointed in its forecast of last June, have materialised. The slide in stock market values has undermined...
Persistent link: https://www.econbiz.de/10004976238
Persistent link: https://www.econbiz.de/10004976458
. If, however, the positive expectations are confirmed, Europe has managed to avoid a recession. In Austria also, the …
Persistent link: https://www.econbiz.de/10004978510