IDEAS home Printed from
   My bibliography  Save this article

Growth Accelerating in the First Quarter of 2007. Business Cycle Report of May 2007


  • Marcus Scheiblecker


  • Ewald Walterskirchen



Economic growth in Austria accelerated in the first quarter of 2007 despite the impact of the value added tax increase in Germany. Real GDP growth was 0.8 percent quarter-on-quarter and 3.2 percent year-on-year. Goods exports and investment are the main pillars of the economic upturn. Business sentiment among manufacturers is currently as optimistic as last recorded in 2000, a boom year. Retail trade also showed signs of a revival, but weak car sales and lower fuel consumption held down the result for private consumption.

Suggested Citation

  • Marcus Scheiblecker & Ewald Walterskirchen, 2007. "Growth Accelerating in the First Quarter of 2007. Business Cycle Report of May 2007," Austrian Economic Quarterly, WIFO, vol. 12(2), pages 92-99, June.
  • Handle: RePEc:wfo:wquart:y:2007:i:2:p:92-99

    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:2:p:92-99. 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.