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Business Indicator: Modest Acceleration in Austrian Economic Activity Despite Growing Global Risks
According to Bank Austria, the Business Indicator rose in March to 0.2 points - back in black for the first time since September. Also, Bank Austria recognized a light improvement in consumer and industrial sentiment. The estimated economic growth in 2016 is 1.5 percent - no further pick-up is expected for 2017.
Modest Acceleration in Austrian Economic Activity Despite Growing Global Risks / Picture: © UniCredit Bank Austria AG
Modest acceleration in economic activity despite growing global risks
- Bank Austria's Business Indicator rises in March to 0.2 points - back in black for first time since September
- Slight improvement in consumer and industrial sentiment
- Domestic demand increases growth in Q1 2016 to 0.5 percent qoq
- Estimated economic growth of 1.5…
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