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Business Indicator: Modest Acceleration in Austrian Economic Activity Despite Growing Global Risks

Published: April 20, 2016; 19:00 · (Vindobona)

According to Bank Austria, the Business Indicator rose in March to 0.2 points - back in black for the first time since September. Also, Bank Austria recognized a light improvement in consumer and industrial sentiment. The estimated economic growth in 2016 is 1.5 percent - no further pick-up is expected for 2017.

Modest Acceleration in Austrian Economic Activity Despite Growing Global Risks / Picture: © UniCredit Bank Austria AG

Modest acceleration in economic activity despite growing global risks

- Bank Austria's Business Indicator rises in March to 0.2 points - back in black for first time since September
- Slight improvement in consumer and industrial sentiment
- Domestic demand increases growth in Q1 2016 to 0.5 percent qoq
- Estimated economic growth of 1.5…

This article includes a total of 985 words.

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