Cyclical Peak Has Been Passed
The business cycle in Austria and in the Euro area reached a peak during the past summer months. Since then, signs of a deceleration of activity have become more frequent. While exports and manufacturing output have hardly lost strength until August, private consumption and investment have started s...| Link(s) zu Dokument(en): | WIFO Publikation |
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| Veröffentlicht in: | WIFO Monatsberichte (monthly reports) |
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| Format: | article |
| Sprache: | Englisch |
| Veröffentlicht: |
2000
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| Zusammenfassung: | The business cycle in Austria and in the Euro area reached a peak during the past summer months. Since then, signs of a deceleration of activity have become more frequent. While exports and manufacturing output have hardly lost strength until August, private consumption and investment have started slackening. Firms are no longer as optimistic as last summer, and consumer confidence has been dimmed by the rise in oil prices. |
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