Business Indicator: First Small Signs of Improvement in Austrian Economic Activity

BusinessEconomy ♦ Published: February 20, 2015; 13:00 ♦ (Vindobona)

Bank Austria has published its latest "Business Indicator" on the Austrian economy. The Indicator exits negative territory due to modest rise in January. Decline in oil price pushes average annual inflation down below 1 percent for 2015, injecting more momentum into private consumption. Growth forecast for 2015 raised to 0.9 percent.

Business Indicator: First small signs of improvement in Austrian economic activity / Picture: © UniCredit Bank Austria AG

The economic climate in Austria brightened somewhat at the start of 2015, as signalled by the modest rise in the Bank Austria Business Indicator in January (now at exactly 0 points).

That means barely anything has changed regarding the sluggish economic development of previous months.

The economic prospects for the first quarter of 2015 are still clear despite the marginal…

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