Export and Industrial Activity in Austria Remains Lively. Business Cycle Report of November 2010
The recovery of the global economy continues, but its momentum has eased somewhat recently. The economy in the EU also expanded further, but with substantial differences across countries. Austria's export sector and industry benefited from the strong performance in Germany. WIFO's most recent busine...| Link(s) zu Dokument(en): | WIFO Publikation |
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| Veröffentlicht in: | Austrian Economic Quarterly |
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| Format: | article |
| Sprache: | Englisch |
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2010
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| Zusammenfassung: | The recovery of the global economy continues, but its momentum has eased somewhat recently. The economy in the EU also expanded further, but with substantial differences across countries. Austria's export sector and industry benefited from the strong performance in Germany. WIFO's most recent business cycle survey points to a continued revival in the third quarter. Trade also provided a positive stimulus, while activity in the tourism industry and in construction remained weak. The labour market strengthened further, notably in industry-related sectors. In October the number of persons registered as unemployed declined both compared with a year before and on a month-on-month basis, while employment increased yet again. |
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