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Export Indicator: The Economy is Expanding
According to the current results of the OeNB export indicator calculated on the basis of trucking mileage performance data of September 2010, the Austrian export economy has also expanded in the two summer months.
Export Indicator: The Economy is Expanding / Picture: © OCDE
For July and August 2010, the nominal exports of goods increased by 5.6% and 7.2% (seasonally and working-day adjusted to a three-month interval). Thus, the export economy maintains the strong momentum of the second quarter.
Hoewever, the second half of 2010 is characterized -as shown by the early indicator of the OECD- by a decline in global trade dynamics: the weakening…
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