IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Cyclical Recovery Continuing

Listed author(s):
  • Markus Marterbauer


  • Sandra Steindl


The results of the WIFO business cycle survey show that sentiment in the manufacturing and construction sectors has brightened markedly in the first quarter of 2006. Production output and export figures are displaying a modest up-ward tendency. But there is no indication yet of a rebound in investment activity, despite favourable framework conditions. This becomes apparent by the decline in imports of capital goods and a slowdown of wholesale trade. Investment intentions have improved, however, according to the WIFO investment survey. Business continues to be subdued for those sectors of the economy that are largely dependent upon private consumer demand. On their latest reading, retail sales were around 1.5 percent higher in volume year-on-year, car sales were markedly lower. Un-favourable labour market conditions are a major factor restraining consumers in their decision to buy a new car. The number of persons employed is indeed rising significantly, but the increase continues to be limited principally to part-time jobs. The number of unemployed persons reached a new peak in January.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
File Function: Abstract
Download Restriction: Payment required

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Article provided by WIFO in its journal Quarterly.

Volume (Year): 11 (2006)
Issue (Month): 1 (March)
Pages: 49-57

in new window

Handle: RePEc:wfo:wquart:y:2006:i:1:p:49-57
Contact details of provider: Postal:
Arsenal Object 20, A-1030 Wien

Phone: (+43 1) 798 26 01-0
Fax: (+43 1) 798 93 86
Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:wfo:wquart:y:2006:i:1:p:49-57. 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 you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.