Industry and Construction Experiencing Boom. Business Cycle Report of February 2007
Austria's real GDP grew by 3.3 percent year-on-year or by 0.8 percent (seasonally adjusted) quarter-on-quarter in the fourth quarter of 2006, according to WIFO's first flash estimate. This robust economic growth mainly reflects the boom in manufacturing and construction, where high rates of capacity utilisation and a very good profit situation are driving companies to noticeably increase their investment spending. In contrast, private household consumption remains subdued. Business has been sluggish in retailing and other sectors of the economy that are dependent on consumption. Wage increases have been modest and therefore do not allow a stronger expansion of consumer demand, despite low inflation. While the situation on the job market has improved markedly during the winter months due to the good performance of the economy and the mild weather, unemployment nevertheless continues to be relatively high.
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.
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.
Volume (Year): 12 (2007)
Issue (Month): 1 (March)
|Contact details of provider:|| Postal: |
Phone: (+43 1) 798 26 01-0
Fax: (+43 1) 798 93 86
Web page: http://www.wifo.ac.at/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:wfo:wquart:y:2007:i:1:p:25-33. 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 references are entirely missing, you can add them using this form.