English, Article edition: Industry and Construction Experiencing Boom Markus Marterbauer

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Bookmark: http://trove.nla.gov.au/version/38434
Physical Description
  • article
Language
  • English

Edition details

Title
  • Industry and Construction Experiencing Boom
Author
  • Markus Marterbauer
Physical Description
  • article
Notes
  • Austria's economy expanded by 3.3 percent in real terms year-on-year in the fourth quarter, according to WIFO's flash estimate; this corresponds to a seasonally adjusted GDP growth by 0.8 percent from the previous quarter. Notably manufacturing and construction are registering very strong growth causing a sizeable increase in the number of full-time jobs and enabling a reduction in unemployment. In contrast, those sectors of the economy that are dependent on private household consumption show no signs of a robust revival. Wage growth has been modest and does not permit a strong expansion of consumption, despite low consumer price inflation.
  • Konjunkturbericht Oesterreich
  • RePEc:wfo:monber:y:2007:i:2:p:71-80
Language
  • English
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