Sharp Fall in Business Confidence, Strong Rise in Unemployment

Markus Marterbauer

WIFO Monatsberichte (monthly reports), 2001, vol. 74, issue 11, 641-642

Abstract: The business cycle slowdown has gained momentum in recent months. In Austria, survey data show a marked decline in manufacturing and construction output as well as in wholesale trade. Somewhat better are developments in tourism and of retail sales. After Japan, also the U.S. economy is now in recession, and for Europe all short-term indicators are heading downwards.

Keywords: Sharp Fall in Business Confidence; Strong Rise in Unemployment (search for similar items in EconPapers)
Date: 2001
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