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Economic Upswing Gaining Strength. Business Cycle Report of August 2006

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  • Sandra Steindl
  • Ewald Walterskirchen

    (WIFO)

Abstract

The Austrian economy grew by 3 percent year-on-year in the second quarter, according to WIFO's flash estimate. While exports and investment in machinery and equipment gained momentum compared with previous quarters, private consumption and housing construction did not show any signs of a revival. The good performance of the economy in the euro area provides a vigorous stimulus to the Austrian economy. Jobs are being created in large numbers, and unemployment is declining slightly.

Suggested Citation

  • Sandra Steindl & Ewald Walterskirchen, 2006. "Economic Upswing Gaining Strength. Business Cycle Report of August 2006," Austrian Economic Quarterly, WIFO, vol. 11(3), pages 138-146, September.
    • Handle: RePEc:wfo:wquart:y:2006:i:3:p:138-146
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