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Bank Austria: Austrian Industry Cooling Down
Growth of industrial production has slowed down in Austria, especially in the export sector. Job creation is still on a high level, but also losing pace.
Bank Austria: Austrian Industry Cooling Down / Picture: © Vindobona.org
“Compared to last month, the situation of Austria’s industry in May is characterized by an even slower development of new orders, especially in the export sector. Growth of production is further declining. The speed of job creation, however, is still on a high level”, chief economist Stefan Bruckbauer summarized the results of Bank Austria’s latest survey among Austrian…
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