High Energy Prices Weighing on Business Activity
The strong upward drift in energy prices is holding back further the already subdued private household demand in Austria. This is mirrored by the fragile business situation in retail trade and other service branches. Exports, manufacturing output and construction activity, for their part, enjoy somewhat higher rates of growth. Going forward, the business cycle currently shows no clear trend which explains the cautious attitude of corporate investors.
Volume (Year): 78 (2005)
Issue (Month): 9 (September)
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