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Economy Supported by Higher Retail Sales


  • Ewald Walterskirchen



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 of 2006. While the cyclical recovery led to strong employment gains, notably in part-time jobs, unemployment growth decelerated owing to the economic re-covery and additional labour market policy measures.

Suggested Citation

  • Ewald Walterskirchen, 2006. "Economy Supported by Higher Retail Sales," Austrian Economic Quarterly, WIFO, vol. 11(1), pages 58-65, April.
  • Handle: RePEc:wfo:wquart:y:2006:i:1:p:58-65

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    References listed on IDEAS

    1. Frankel, Jeffrey A & Rose, Andrew K, 1998. "The Endogeneity of the Optimum Currency Area Criteria," Economic Journal, Royal Economic Society, vol. 108(449), pages 1009-1025, July.
    2. Alejandro Micco & Ernesto H. Stein & Guillermo Luis Ordoñez, 2003. "The Currency Union Effect on Trade: Early Evidence from EMU," Research Department Publications 4339, Inter-American Development Bank, Research Department.
    3. Joshua J. Lewer & Hendrik Van den Berg, 2003. "How Large Is International Trade's Effect on Economic Growth?," Journal of Economic Surveys, Wiley Blackwell, vol. 17(3), pages 363-396, July.
    4. Alejandro Micco & Ernesto Stein & Guillermo Ordoñez, 2003. "The currency union effect on trade: early evidence from EMU," Economic Policy, CEPR;CES;MSH, vol. 18(37), pages 315-356, October.
    5. Anonymous, 2005. "FAPRI 2006 Outlook for Missouri Agriculture," FAPRI-MU Report Series 44885, Food and Agricultural Policy Research Institute at University of Missouri.
    6. Anonymous, 2005. "Grains And Oilseeds Outlook For 2005," Agricultural Outlook Forum 2005 32817, United States Department of Agriculture, Agricultural Outlook Forum.
    7. Grether, Jean-Marie & Müller, Tobias, 2001. "Decomposing the Economic Costs and Benefits of Accession to the EU: the Swiss Case," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 16, pages 203-228.
    8. Fritz Breuss, 2003. "Austria, Finland and Sweden in the European Union. Economic Effects," Austrian Economic Quarterly, WIFO, vol. 8(4), pages 131-158, December.
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