The weakness of the global economy is dampening the Austrian business cycle. Export growth slowed noticeably in the second
quarter, and GDP growth eased to +0.3 percent compared to the previous quarter. Private household consumption, however, continued
to increase and supported overall growth. The prospects for the Austrian economy stabilised recently. According to the WIFO-Konjunkturtest
(business cycle survey), company assessments brightened somewhat in August, especially in the manufacturing sector. The recovery
on the labour market is coming to a halt, the seasonally adjusted unemployment rate stagnated in August. The inflation rate
fell slightly to 1.4 percent in July.
Keywords:Business Cycle Report
Forschungsbereich:Makroökonomie und öffentliche Finanzen