Lively Industrial Activity in Austria, Increasing Uncertainty in Global Economy

The economic recovery in Austria, driven by exports and manufacturing activity, continued in the autumn; in the third quarter, real GDP rose by 0.9 percent compared with the previous quarter, and by 2.4 percent compared with a year before. However, a self-sustaining pick-up in investment has not got off the ground as yet. Household consumption continues to grow at a modest pace. Unemployment keeps declining, largely owing to lively industrial activity. Consumer price inflation is determined by commodity prices.