Austrian Foreign Trade Figures Flattening

BusinessEconomy ♦ Published: July 12, 2012; 19:51 ♦ (Vindobona)

After record results in 2011, the growth in Austrian foreign trade was substantially down in the first months of 2012. Austrian politics promotes exports to non-European markets like China, Brazil and the U.S.

Austrian Foreign Trade Figures Flattening / Picture: ©

Despite the uncertain economic development and the small economic growth, Austrian exports were up by 11.7% last year. After exports reached € 122.2bn in 2011, the trend for 2012 is significantly less dynamic. In the first quarter of 2012, exports reached € 30.7bn and only grew by 2.8%. In January, export growth amounted to 7.2%. In February, export figures were up by 4.0%. In…