Economic Activity Picking Up in Austria, Inflation Accelerating. Business Cycle Report of March 2017

Austria's GDP increased at a quarterly rate of 0.5 percent in the fourth quarter. Hence the cyclical upswing observed in Austria proceeded. The forces driving the economy are robust and have so far rested on the domestic economy. The picture portrayed by leading indicators is improving further, suggesting that the cyclical upswing will proceed in spring 2017.