{"id":118002,"date":"2024-01-22T20:52:13","date_gmt":"2024-01-22T19:52:13","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/118002\/"},"modified":"2024-11-18T13:18:49","modified_gmt":"2024-11-18T12:18:49","slug":"economic-slack-persists-in-the-euro-area-business-cycle-report-of-may-2013","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/118002\/","title":{"rendered":"Economic Slack Persists in the Euro Area. Business Cycle Report of May 2013"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-118002","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"While the USA and Latin America are increasingly sending growth signals, economic activity in China has been losing some momentum since the start of this year. The euro area continues to struggle with problems. Business surveys conducted in April once more show increased scepticism about future economic developments. Much the same as the German economy, the Austrian economy also suffers from the slowdown in global demand. The OECD's Composite Leading Indicator suggests that global economic conditions will improve for the world economy as a whole from the second quarter of 2013. Austria's export sector may increasingly benefit from this development from the second half of the year. Activity remains subdued for the time being, and here, too, survey evidence shows that sentiment among domestic businesses is sceptical. In April, WIFO's leading indicator fell for the first time since October 2012. While inflation is receding, the job market reflects the impacts of the economic weakness. The number of persons employed is stagnant, while unemployment is rising.","onlinedate":"2013-07-26 12:00:00","lang":"English","publication_series":"","publication_date":"20130701","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Business Cycle Report\"]","jelcodes":"[]","related_publications":"[]","pdf":416360,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"18","monthly_report_pages":"84-92","monthly_report_pages_sort":"84","issue":"2","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":"2013-07-26 12:00:00","types":[183747],"research_groups":[3500],"collaboration":"","persons":[3837],"persons_data":"[{\"personId\":3837,\"personName\":\"Marcus Scheiblecker\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Scheiblecker, M.<\\\/span> (2013). <span>Economic Slack Persists in the Euro Area. Business Cycle Report of May 2013<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>18<\\\/em>(2), 84-92. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/46894\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/46894<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Scheiblecker M<\\\/span>. <span class=\\\"title\\\"><span>Economic Slack Persists in the Euro Area. Business Cycle Report of May 2013<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2013 Jul;18(2):84-92.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{f88010f5c04041e29650b1d40852372e,<\\\/div><div>  title    = \\\"Economic Slack Persists in the Euro Area. Business Cycle Report of May 2013\\\",<\\\/div><div>  abstract = \\\"While the USA and Latin America are increasingly sending growth signals, economic activity in China has been losing some momentum since the start of this year. The euro area continues to struggle with problems. Business surveys conducted in April once more show increased scepticism about future economic developments. Much the same as the German economy, the Austrian economy also suffers from the slowdown in global demand. The OECD's Composite Leading Indicator suggests that global economic conditions will improve for the world economy as a whole from the second quarter of 2013. Austria's export sector may increasingly benefit from this development from the second half of the year. Activity remains subdued for the time being, and here, too, survey evidence shows that sentiment among domestic businesses is sceptical. In April, WIFO's leading indicator fell for the first time since October 2012. While inflation is receding, the job market reflects the impacts of the economic weakness. The number of persons employed is stagnant, while unemployment is rising.\\\",<\\\/div><div>  keywords = \\\"Business Cycle Report, Business Cycle Report\\\",<\\\/div><div>  author   = \\\"Marcus Scheiblecker\\\",<\\\/div><div>  note     = \\\"Business Cycle Report May 2013\\\",<\\\/div><div>  year     = \\\"2013\\\",<\\\/div><div>  month    = jul,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"18\\\",<\\\/div><div>  pages    = \\\"84--92\\\",<\\\/div><div>  journal  = \\\"Austrian Economic Quarterly\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Economic Slack Persists in the Euro Area. Business Cycle Report of May 2013<\\\/p><p>AU  - Scheiblecker, Marcus<\\\/p><p>N1  - Business Cycle Report May 2013<\\\/p><p>PY  - 2013\\\/7<\\\/p><p>Y1  - 2013\\\/7<\\\/p><p>N2  - While the USA and Latin America are increasingly sending growth signals, economic activity in China has been losing some momentum since the start of this year. The euro area continues to struggle with problems. Business surveys conducted in April once more show increased scepticism about future economic developments. Much the same as the German economy, the Austrian economy also suffers from the slowdown in global demand. The OECD's Composite Leading Indicator suggests that global economic conditions will improve for the world economy as a whole from the second quarter of 2013. Austria's export sector may increasingly benefit from this development from the second half of the year. Activity remains subdued for the time being, and here, too, survey evidence shows that sentiment among domestic businesses is sceptical. In April, WIFO's leading indicator fell for the first time since October 2012. While inflation is receding, the job market reflects the impacts of the economic weakness. The number of persons employed is stagnant, while unemployment is rising.<\\\/p><p>AB  - While the USA and Latin America are increasingly sending growth signals, economic activity in China has been losing some momentum since the start of this year. The euro area continues to struggle with problems. Business surveys conducted in April once more show increased scepticism about future economic developments. Much the same as the German economy, the Austrian economy also suffers from the slowdown in global demand. The OECD's Composite Leading Indicator suggests that global economic conditions will improve for the world economy as a whole from the second quarter of 2013. Austria's export sector may increasingly benefit from this development from the second half of the year. Activity remains subdued for the time being, and here, too, survey evidence shows that sentiment among domestic businesses is sceptical. In April, WIFO's leading indicator fell for the first time since October 2012. While inflation is receding, the job market reflects the impacts of the economic weakness. 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