Economic Chamber: Cautious Optimism in Austrian Industry

Business › Economy ♦ Published: December 15, 2010; 16:09 ♦ (Vindobona)

Industrial production is at the level of 2006; exports are still below pre-crisis levels.

Economic Chamber: Cautious Optimism in Austrian Industry / Picture: © Wirtschaftskammer Österreich

"The crisis has set us back four years. Production and orders in the domestic industry are now at 2006 levels. After last year’s massive production drop by almost 20%, the first half year 2010 showed signs of a tentative recovery", Adam Lawrence, Managing Director of the Industry Division of the Austrian Economic Chamber (WKO), summarized the results of the current industrial…

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