Stagnation Turns into Downturn – Leading Indicators Deteriorate Further
According to the WIFO Flash Estimate, Austria's economic output declined in the second quarter of 2023, having previously stagnated since mid-2022. In particular, the decline in gross value added in various service sectors, in construction and in industry had a dampening effect. For the third quarter, leading indicators point to a renewed decline in GDP.
Empfohlene Zitation
Glocker, C. (2023). Auf Stagnation folgt Abschwung – Frühindikatoren verschlechtern sich weiter. WIFO-Monatsberichte, 96(8), 507-513. https://www.wifo.ac.at/publication/pid/37925881.