Darkening Sentiment. Business Cycle Report of June 2008

The Austrian economy expanded quite vigorously in the first quarter: +0.7 percent quarter-on-quarter, and +3.3 percent year-on-year. The growth rate was revised down slightly from the flash estimate released a month ago. Manufacturers' assessment of the production outlook for the coming months has d...

Ausführliche Beschreibung

Bibliographische Detailangaben
Link(s) zu Dokument(en):WIFO Publikation
Veröffentlicht in:Austrian Economic Quarterly
1. Verfasser: Ewald Walterskirchen
Format: article
Sprache:Englisch
Veröffentlicht: 2008
Beschreibung
Zusammenfassung:The Austrian economy expanded quite vigorously in the first quarter: +0.7 percent quarter-on-quarter, and +3.3 percent year-on-year. The growth rate was revised down slightly from the flash estimate released a month ago. Manufacturers' assessment of the production outlook for the coming months has deteriorated considerably. Business expectations have fallen below their longer-term averages.