Rebound in Industrial Activity, Unemployment Rising Further. Business Cycle Report December 2009
Underpinned by expansionary economic policy, global economic activity has stabilised, with world trade expanding vigorously since the summer. In Austria, real GDP grew at a seasonally adjusted quarter-on-quarter rate of 0.9 percent in the third quarter, according to provisional calculations. Notably industrial activity has recovered. Construction production has only recently followed a slight upward trend. The retail sector has remained stable, thanks to strong wage increases and low inflation. Unemployment continues to rise, albeit at a slower pace than of late.
Volume (Year): 14 (2009)
Issue (Month): 4 (December)
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