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Sharp Fall in Business Confidence, Strong Rise in Unemployment


  • Markus Marterbauer



The business cycle slowdown has gained momentum in recent months. In Austria, survey data show a marked decline in manufacturing and construction output as well as in wholesale trade. Somewhat better are developments in tourism and of retail sales. After Japan, also the U.S. economy is now in recession, and for Europe all short-term indicators are heading downwards.

Suggested Citation

  • Markus Marterbauer, 2001. "Sharp Fall in Business Confidence, Strong Rise in Unemployment," WIFO Monatsberichte (monthly reports), WIFO, vol. 74(11), pages 641-642, November.
  • Handle: RePEc:wfo:monber:y:2001:i:11:p:641-642

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