IDEAS home Printed from https://ideas.repec.org/a/wfo/wquart/y2008i4p192-199.html
   My bibliography  Save this article

Austrian Economy Barely Grew in Third Quarter. Business Cycle Report of November 2008

Author

Listed:
  • Sandra Steindl

    (WIFO)

Abstract

The global downturn is also taking hold of Austria. In the third quarter of 2008, Austria's real GDP grew at a seasonally and working day adjusted rate of 0.1 percent quarter-on-quarter (+1.5 percent year-on-year). The export-driven manufacturing sector registered a decline in value added, and activity in the construction sector began to gradually slacken. The demand for equipment investment also fell, and private consumption growth stayed subdued. Inflation remained steady at 3.7 percent in September. With crude oil and agricultural prices falling, the contribution of energy and food to headline inflation has been declining since the summer.

Suggested Citation

  • Sandra Steindl, 2008. "Austrian Economy Barely Grew in Third Quarter. Business Cycle Report of November 2008," Austrian Economic Quarterly, WIFO, vol. 13(4), pages 192-199, December.
  • Handle: RePEc:wfo:wquart:y:2008:i:4:p:192-199
    as

    Download full text from publisher

    File URL: http://www.wifo.ac.at/wwa/pubid/34563
    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

    Keywords

    Business Cycle Report; Austria;

    Statistics

    Access and download statistics

    Corrections

    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:2008:i:4:p:192-199. 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: http://edirc.repec.org/data/wifooat.html .

    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.