IDEAS home Printed from https://ideas.repec.org/a/wfo/wquart/y2006i1p49-57.html
   My bibliography  Save this article

Cyclical Recovery Continuing

Author

Listed:
  • Markus Marterbauer

    (WIFO)

  • Sandra Bilek-Steindl

Abstract

The results of the WIFO business cycle survey show that sentiment in the manufacturing and construction sectors has brightened markedly in the first quarter of 2006. Production output and export figures are displaying a modest up-ward tendency. But there is no indication yet of a rebound in investment activity, despite favourable framework conditions. This becomes apparent by the decline in imports of capital goods and a slowdown of wholesale trade. Investment intentions have improved, however, according to the WIFO investment survey. Business continues to be subdued for those sectors of the economy that are largely dependent upon private consumer demand. On their latest reading, retail sales were around 1.5 percent higher in volume year-on-year, car sales were markedly lower. Un-favourable labour market conditions are a major factor restraining consumers in their decision to buy a new car. The number of persons employed is indeed rising significantly, but the increase continues to be limited principally to part-time jobs. The number of unemployed persons reached a new peak in January.

Suggested Citation

  • Markus Marterbauer & Sandra Bilek-Steindl, 2006. "Cyclical Recovery Continuing," Austrian Economic Quarterly, WIFO, vol. 11(1), pages 49-57, March.
    • Handle: RePEc:wfo:wquart:y:2006:i:1:p:49-57
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/26274
    File Function: abstract
    Download Restriction: Payment required
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Business Cycle Report; Austria;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wfo:wquart:y:2006:i:1:p:49-57. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Mayr (email available below). General contact details of provider: https://edirc.repec.org/data/wifooat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.