RSS   Newsletter   Contact   Advertise with us

Austria GDP grows 0.6% in fourth quarter

Share on Twitter Share on LinkedIn
Staff Writer | February 28, 2017
Austria's gross domestic product grew by 0.6% in the fourth quarter of 2016 on the previous three months, helped mainly by consumption, the WIFO institute said.
Austria inflation
Europe   The WIFO institute:
The country's GDP, in seasonally- and calendar-adjusted real terms, rose 0.6% in the fourth quarter, after an upwardly revised 0.6% expansion in the third, WIFO said. The previous estimate for the third quarter of last year showed 0.5% growth.

Austria's growth was boosted by consumption, while foreign trade was sluggish, WIFO said. Manufacturing and trade supported growth.

Investment increased by 0.9%, after growing by a downwardly revised 1.0% in the third quarter. Private consumption rose by 0.5% in October-December, after 0.6% growth in the third quarter. State consumption expanded by 0.4%, up from 0.3% in the third quarter, WIFO said.

Austria's GDP grew by 1.7% in the fourth quarter of the year in real terms, slightly less than a first estimate of 1.8%, but still stronger than the 1.3% growth in the third quarter, WIFO said. Austria's GDP rose by 1.5% in real terms across 2016.

POST Online Media Contact