Austrian Economy Improving at Start of the Year. Business Cycle Report of May 2016
Austria's real gross domestic product rose by 0.4 percent, quarter on quarter, in the first quarter of 2016, according to WIFO's latest Flash Estimate. Hence economic activity, after growing at a robust pace last year, continues to gather speed. However, the varying picture painted by leading indicators at least does not suggest any stronger upward trend for the second quarter.