Economy Remains Tepid. Business Cycle Report of August 2013

Sandra Bilek-Steindl

Austrian Economic Quarterly, 2013, vol. 18, issue 3, 149-155

Abstract: The Austrian economy also remains tepid in a context of weak economic activity in Europe. The export-driven manufacturing sector is recovering only slowly; the production index has stabilised in recent months, although it suffered a renewed decline in May. The latest leading indicators show only little improvement; companies still expect the economic situation to remain tense. Trade and tourism have recently seen a decline in sales. The economic weakness continues to weigh on the labour market; employment growth decelerated in July compared with the previous month, and was accompanied by a renewed increase in the number of unemployed persons.

Keywords: Business; Cycle; Report (search for similar items in EconPapers)
Date: 2013
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