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Economy Remains Tepid. Business Cycle Report of August 2013

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  • Sandra Bilek-Steindl

Abstract

The Austrian economy also remains tepid in a context of weak economic activity in Europe. The export-driven manufacturing sector is recovering only slowly; the production index has stabilised in recent months, although it suffered a renewed decline in May. The latest leading indicators show only little improvement; companies still expect the economic situation to remain tense. Trade and tourism have recently seen a decline in sales. The economic weakness continues to weigh on the labour market; employment growth decelerated in July compared with the previous month, and was accompanied by a renewed increase in the number of unemployed persons.

Suggested Citation

  • Sandra Bilek-Steindl, 2013. "Economy Remains Tepid. Business Cycle Report of August 2013," Austrian Economic Quarterly, WIFO, vol. 18(3), pages 149-155, September.
    • Handle: RePEc:wfo:wquart:y:2013:i:3:p:149-155
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    Keywords

    Business Cycle Report;

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