WIFO Provides Quarterly "Flash Estimates" of Austrian GDP
The early availability of reliable macroeconomic data is becoming more impor-tant for companies as well as for economic policy makers. In order to fulfil this need, WIFO, on request of the Federal Ministry of Finance, publishes an estimate for the economic growth no later than 45 days after the end of a quarter. 25 days later the regular GDP calculations will be published as usual. At the same time the European Commission reports the flash estimates for economic growth in the Euro area and in the EU, which will take the national results into account. In order to guarantee the simultaneous publication of all the results of the member states and the Commission, the publication dates are set by Eurostat. The publication dates for the year 2006 are available on the Internet pages of WIFO, the Oesterreichische Nationalbank and Statistics Austria.