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...

Ausführliche Beschreibung

Bibliographische Detailangaben
Link(s) zu Dokument(en):WIFO Publikation
Veröffentlicht in:WIFO Monatsberichte (monthly reports)
1. Verfasser: Ewald Walterskirchen
Format: article
Sprache:Englisch
Veröffentlicht: 2000
Beschreibung
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.