Economic activity in Austria is receding. In the first quarter 1993, exports fell 8 percent year-on-year, industrial output 5½ percent and the rate of unemployment moved up almost 1 percentage point. Industrial orders and capacity utilisation have weakened further, according to the latest WIFO business survey of end April. Domestic demand continues to give support, although construction investment and retail sales are also losing momentum. Winter tourism was buoyant, adding to the small surplus on current account. Inflation is abating only slowly; the annual rate was 4 percent in the first quarter.
Volume (Year): 66 (1993)
Issue (Month): 6 (June)
|Contact details of provider:|| Postal: |
Phone: (+43 1) 798 26 01-0
Fax: (+43 1) 798 93 86
Web page: http://www.wifo.ac.at/
More information through EDIRC
|Order Information:|| Postal: Austrian Institute of Economic Research Publikationsverkauf und Abonnentenbetreuung Arsenal, Objekt 20 A-1030 Vienna/Austria|
When requesting a correction, please mention this item's handle: RePEc:wfo:monber:y:1993:i:6:p:303-313. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ilse Schulz)
If references are entirely missing, you can add them using this form.