{"id":452943,"date":"2026-10-02T10:42:31","date_gmt":"2026-10-02T08:42:31","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/452943\/"},"modified":"2026-10-02T10:42:32","modified_gmt":"2026-10-02T08:42:32","slug":"one-off-effect-weighed-on-gdp-in-the-second-quarter-leading-indicators-have-brightened-significantly","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/452943\/","title":{"rendered":"One-off Effect Weighed on GDP in the Second Quarter \u2013 Leading Indicators Have Brightened Significantly"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-452943","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Following six consecutive quarters of growth, Austria's economic output contracted by 0.1 percent quarter-on-quarter in the second quarter of 2026. The decline was largely of a statistical nature: while gross value added expanded, a sharp rise in subsidies on products, coupled with a simultaneous fall in taxes on products, weighed on GDP. On the supply side, weakness in the construction sector persisted, while industry grew moderately. On the demand side, investment in machinery and equipment supported GDP. Employment stagnated in the second quarter and the unemployment rate remained in August at its highest level since mid-2021. Key leading indicators have recently improved significantly, driven by a broad, internationally observable recovery in industrial activity. The inflation rate picked up again in August due to higher energy prices, but, as in July, remained below the euro area average.","onlinedate":"2026-10-02 08:42:32","lang":"German","publication_series":"","publication_date":"20261002","publication_date_year":"","publication_date_full":true,"publication_num_pages":"","keywords":"[]","jelcodes":"[\"E32\",\"E66\"]","related_publications":"[\"78019f62-c7aa-477d-8d86-8bd99d80f098\",\"76e3a79e-4667-40a6-9301-92fa7c84df51\",\"306ac251-0b3a-4bd3-a8d9-a15e7ad8c947\",\"4d22a389-3b2f-4f80-8a32-60ff983409da\",\"ac727321-8a30-4aa3-acfd-1bb0bb77383d\"]","pdf":452945,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"99","monthly_report_pages":"435-442","monthly_report_pages_sort":"435","issue":"9","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3500],"collaboration":"","persons":[3543],"persons_data":"[{\"personId\":3543,\"personName\":\"Christian Glocker\",\"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\":\"
Glocker, C.<\\\/span> (2026). Sondereffekt dr\u00fcckte BIP im II. Quartal \u2013 Vorlaufindikatoren deutlich aufgehellt<\\\/span>. WIFO-Monatsberichte<\\\/em><\\\/span>, 99<\\\/em>(9), 435-442.<\\\/div>\",\"vancouver\":\"
Glocker C<\\\/span>. Sondereffekt dr\u00fcckte BIP im II. Quartal \u2013 Vorlaufindikatoren deutlich aufgehellt<\\\/span><\\\/span>. WIFO-Monatsberichte<\\\/span>. 2026 Oct 2;99(9):435-442.<\\\/div>\",\"bibtex\":\"
@misc{afc7ecc5c22f417c9a1050ec73954663,<\\\/div>
title = \\\"Sondereffekt dr{\\\\\\\"u}ckte BIP im II. Quartal {\\\\textendash} Vorlaufindikatoren deutlich aufgehellt\\\",<\\\/div>
abstract = \\\"Nach sechs Zuw{\\\\\\\"a}chsen in Folge schrumpfte {\\\\\\\"O}sterreichs Wirtschaftsleistung im II. Quartal 2026 um 0,1\\\\% gegen{\\\\\\\"u}ber dem Vorquartal. Der R{\\\\\\\"u}ckgang war {\\\\\\\"u}berwiegend statistischer Natur: W{\\\\\\\"a}hrend die Bruttowertsch{\\\\\\\"o}pfung expandierte, dr{\\\\\\\"u}ckte ein kr{\\\\\\\"a}ftiger Anstieg der G{\\\\\\\"u}tersubventionen bei gleichzeitiger Abnahme der G{\\\\\\\"u}tersteuern das BIP. Angebotsseitig setzte sich die Schw{\\\\\\\"a}che im Bauwesen fort, die Industrie wuchs hingegen moderat. Nachfrageseitig st{\\\\\\\"u}tzten die Ausr{\\\\\\\"u}stungsinvestitionen das BIP. Die Besch{\\\\\\\"a}ftigung stagnierte im II. Quartal und die Arbeitslosenquote verharrte auch im August auf dem h{\\\\\\\"o}chsten Wert seit Mitte 2021. Wichtige Vorlaufindikatoren hellten sich zuletzt deutlich auf, getragen von einer breiten, international beobachtbaren Erholung der Industriekonjunktur. Die Inflationsrate zog im August wegen der h{\\\\\\\"o}heren Energiepreise wieder an, blieb aber wie schon im Juli unter dem Durchschnitt des Euro-Raumes.\\\",<\\\/div>
keywords = \\\"Konjunkturbericht\\\",<\\\/div>
author = \\\"Christian Glocker\\\",<\\\/div>
year = \\\"2026\\\",<\\\/div>
month = oct,<\\\/div>
day = \\\"2\\\",<\\\/div>
language = \\\"Deutsch\\\",<\\\/div>
volume = \\\"99\\\",<\\\/div>
pages = \\\"435--442\\\",<\\\/div>
journal = \\\"WIFO-Monatsberichte\\\",<\\\/div>

}<\\\/p><\\\/div>\",\"ris\":\"

TY - GEN<\\\/p>

T1 - Sondereffekt dr\u00fcckte BIP im II. Quartal \u2013 Vorlaufindikatoren deutlich aufgehellt<\\\/p>

AU - Glocker, Christian<\\\/p>

PY - 2026\\\/10\\\/2<\\\/p>

Y1 - 2026\\\/10\\\/2<\\\/p>

N2 - Nach sechs Zuw\u00e4chsen in Folge schrumpfte \u00d6sterreichs Wirtschaftsleistung im II. Quartal 2026 um 0,1% gegen\u00fcber dem Vorquartal. Der R\u00fcckgang war \u00fcberwiegend statistischer Natur: W\u00e4hrend die Bruttowertsch\u00f6pfung expandierte, dr\u00fcckte ein kr\u00e4ftiger Anstieg der G\u00fctersubventionen bei gleichzeitiger Abnahme der G\u00fctersteuern das BIP. Angebotsseitig setzte sich die Schw\u00e4che im Bauwesen fort, die Industrie wuchs hingegen moderat. Nachfrageseitig st\u00fctzten die Ausr\u00fcstungsinvestitionen das BIP. Die Besch\u00e4ftigung stagnierte im II. Quartal und die Arbeitslosenquote verharrte auch im August auf dem h\u00f6chsten Wert seit Mitte 2021. Wichtige Vorlaufindikatoren hellten sich zuletzt deutlich auf, getragen von einer breiten, international beobachtbaren Erholung der Industriekonjunktur. Die Inflationsrate zog im August wegen der h\u00f6heren Energiepreise wieder an, blieb aber wie schon im Juli unter dem Durchschnitt des Euro-Raumes.<\\\/p>

AB - Nach sechs Zuw\u00e4chsen in Folge schrumpfte \u00d6sterreichs Wirtschaftsleistung im II. Quartal 2026 um 0,1% gegen\u00fcber dem Vorquartal. Der R\u00fcckgang war \u00fcberwiegend statistischer Natur: W\u00e4hrend die Bruttowertsch\u00f6pfung expandierte, dr\u00fcckte ein kr\u00e4ftiger Anstieg der G\u00fctersubventionen bei gleichzeitiger Abnahme der G\u00fctersteuern das BIP. Angebotsseitig setzte sich die Schw\u00e4che im Bauwesen fort, die Industrie wuchs hingegen moderat. Nachfrageseitig st\u00fctzten die Ausr\u00fcstungsinvestitionen das BIP. Die Besch\u00e4ftigung stagnierte im II. Quartal und die Arbeitslosenquote verharrte auch im August auf dem h\u00f6chsten Wert seit Mitte 2021. Wichtige Vorlaufindikatoren hellten sich zuletzt deutlich auf, getragen von einer breiten, international beobachtbaren Erholung der Industriekonjunktur. Die Inflationsrate zog im August wegen der h\u00f6heren Energiepreise wieder an, blieb aber wie schon im Juli unter dem Durchschnitt des Euro-Raumes.<\\\/p>

KW - Konjunkturbericht<\\\/p>

M3 - WIFO-Schriftenreihen<\\\/p>

VL - 99<\\\/p>

SP - 435<\\\/p>

EP - 442<\\\/p>

JO - WIFO-Monatsberichte<\\\/p>

JF - WIFO-Monatsberichte<\\\/p>

ER - <\\\/p><\\\/div>\"}","scientific_assistance":"[\"Czaloun Astrid\",\"Glauninger Ursula\",\"Steiner Martha\"]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"\nOne-off Effect Weighed on GDP in the Second Quarter \u2013 Leading Indicators Have Brightened Significantly - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/452943\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"One-off Effect Weighed on GDP in the Second Quarter \u2013 Leading Indicators Have Brightened Significantly\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/452943\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-02T08:42:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/452943\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/452943\\\/\",\"name\":\"One-off Effect Weighed on GDP in the Second Quarter \u2013 Leading Indicators Have Brightened Significantly - 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