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Business Cycle is Waning. Business Cycle Report of September 2019

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  • Stefan Ederer

Abstract

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.

Suggested Citation

  • Stefan Ederer, 2019. "Business Cycle is Waning. Business Cycle Report of September 2019," WIFO Bulletin, WIFO, vol. 24(10), pages 83-89, November.
    • Handle: RePEc:wfo:wblltn:y:2019:i:10:p:83-89
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    Business Cycle Report;

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