Austrian Exports to Rise Substantially

BusinessEconomy ♦ Published: October 5, 2011; 17:43 ♦ (Vindobona)

Austrian exports record satisfying results in the first six months of 2011. Austria´s trade balance shows a plus of € 4.4bn.

Austrian Exports to Rise Substantially / Picture: ©

The domestic export industry could prove its competitiveness again, the export indicator of Austria´s Central Bank (OeNB) states.

Imports and exports grew equally, Austria´s trade surplus thus remained stable at € 4.4bn.  Balance of current accounts show a plus of € 8bn (+7%). The tourism industry could report a rise of € 4.8bn in turnover. On the other side, import of…