Austria's Export Industry Grows Strongly

BusinessForeign Trade ♦ Published: March 23, 2011; 02:13 ♦ (Vindobona)

Driven by external demand, the Austrian economy shows a growth of 2.7% compared with the previous year.

Austria's Export Industry Grows Strongly / Picture: © Wikimedia Commons / Biberbaer [CC BY-SA 3.0]

The recovery of the Austrian export business from recession is progressing rapidly. In December 2010, the production index of the manufacturing sector, seasonally adjusted, was 12% above the low of May 2009, compensating almost four fifths of the decline in production since autumn 2008. The upward trend is expected to continue: Companies’ production expectations are high. Income of…