Economic Growth Driven by Strong Industrial Activity. Business Cycle Report of June 2007
The Austrian economy grew at a seasonally and working day adjusted rate of 0.9 percent in real terms quarter-on-quarter in the first quarter of 2007. Manufacturing and construction expanded at a robust pace. Order book levels continue to be excellent; the results of the WIFO business survey for May point to an expansion in industrial production, which has probably already reached its peak, however. While the retail sector reported business to be good, consumption once again generated little value added in the first quarter. The rate of change was held down by the decline in fuel consumption due to the mild weather. The buoyant economy has a positive effect on the labour market; May saw the number of persons in dependent employment rise by 2.0 percent.
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): 2 (June)
|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:2:p:100-108. 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.