Sharp Slowdown in U.S. Growth Casting Shadow on Domestic Business Cycle

Booming exports and strong manufacturing output were the main features of Austrian business activity towards the end of 2000. Household real disposable income and retail sales, however, recorded only modest gains after mid-year. The swift downturn in the U.S. cycle is of limited immediate impact on...

Ausführliche Beschreibung

Bibliographische Detailangaben
Link(s) zu Dokument(en):WIFO Publikation
Veröffentlicht in:WIFO Monatsberichte (monthly reports)
1. Verfasser: Markus Marterbauer
Format: article
Sprache:Englisch
Veröffentlicht: 2001
Beschreibung
Zusammenfassung:Booming exports and strong manufacturing output were the main features of Austrian business activity towards the end of 2000. Household real disposable income and retail sales, however, recorded only modest gains after mid-year. The swift downturn in the U.S. cycle is of limited immediate impact on demand and output in Europe, although private confidence has started weakening.