WIFO-Monatsberichte (monthly reports)

Monthly analysis of current economic developments in Austria and the major OECD countries – Quarterly economic forecast – Some 70 articles per year with background information (tables and diagrams) and a short English abstract – Supplemented each month by a full set of tables listing approximately 300 macroeconomic indicators

Online full-text issues available since 1927 (free access for WIFO sponsors and members) – One-year subscription € 270, single issue € 27.50, download of individual articles € 16

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Vorsichtige Anzeichen einer Konjunkturstabilisierung (Cautious Signs of Economic Stabilisation)
WIFO-Monatsberichte, 2019, 92(12), pp.859-865
Online since: 20.12.2019 10:00
 
In der Weltwirtschaft dürfte die Abkühlungsphase allmählich zu Ende gehen. In den USA und im Euro-Raum wuchs die Wirtschaft im III. Quartal ähnlich stark wie im Vorquartal. Die Stimmung trübte sich dort zuletzt nicht mehr weiter ein. Auch in Österreich blieb die Konjunkturdynamik bislang intakt, die Wirtschaft wuchs im III. Quartal unverändert um 0,2%. In der Herstellung von Waren sank die Wertschöpfung jedoch. Die Konjunktureinschätzungen der Unternehmen stabilisierten sich jüngst etwas, in der Sachgütererzeugung sind die Erwartungen allerdings weiterhin skeptisch. Die Erholung auf dem Arbeitsmarkt verlangsamt sich seit Jahresbeginn. Die Inflation lässt weiter nach.
Research group:Macroeconomics and European Economic Policy
Language:German

Cautious Signs of Economic Stabilisation
The global cool-down is likely to bottom out gradually. In the USA and the euro area, economic growth in the third quarter was similarly strong as in the previous quarter. Sentiment did not deteriorate further in these countries recently. Economic momentum in Austria has also remained intact to date, with the business activity continuing to grow by 0.2 percent in the third quarter. In the manufacturing sector, however, value added declined. Companies' assessments of the economy have recently stabilised somewhat, although expectations remain sceptical in the manufacturing sector. The recovery on the labour market has slowed since the beginning of the year. Inflation continues to ease.

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