Austrian Economy Growing Tepidly in First Half of 2015. Business Cycle Report of September 2015

GDP growth in Austria accelerated marginally to 0.3 percent in the second quarter, compared with the previous quarter. Aggregate domestic and foreign demand once again did not provide any substantial impetus to economic activity in Austria. Notably the persistently weak investment performance determined economic developments in Austria also in the first half of the year. Leading economic indicators essentially suggest that the tepid recovery will proceed also in the following quarters.