IDEAS home Printed from
   My bibliography  Save this article

Industry and Construction Experiencing Boom. Business Cycle Report of February 2007


  • Markus Marterbauer



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.

Suggested Citation

  • Markus Marterbauer, 2007. "Industry and Construction Experiencing Boom. Business Cycle Report of February 2007," Austrian Economic Quarterly, WIFO, vol. 12(1), pages 25-33, March.
  • Handle: RePEc:wfo:wquart:y:2007:i:1:p:25-33

    Download full text from publisher

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

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. 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). General contact details of provider: .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.