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Robust Economic Growth Continues Amid Slight Darkening of Sentiment. Business Cycle Report of November 2007

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  • Ewald Walterskirchen

    (WIFO)

Abstract

The Austrian economy expanded by 0.8 percent quarter-on-quarter and 3.4 percent year-on-year in the third quarter of 2007. While the upswing continued to be mostly driven by exports, investment in machinery and electrical appliances also posted sizeable gains. Private consumption failed to pick up, however. The deterioration in sentiment indicators suggests that some moderation in the pace of growth lies ahead in the fourth quarter.

Suggested Citation

  • Ewald Walterskirchen, 2007. "Robust Economic Growth Continues Amid Slight Darkening of Sentiment. Business Cycle Report of November 2007," Austrian Economic Quarterly, WIFO, vol. 12(4), pages 180-188, December.
  • Handle: RePEc:wfo:wquart:y:2007:i:4:p:180-188
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