Manufacturing Industry on the Rise

People ♦ Published: February 4, 2011; 00:26 ♦ (Vindobona)

The economic barometer of the Federation of Austrian Industries (IV) grows. Production increase and stable employment are expected.

Manufacturing Industry on the Rise / Picture: ©

"After last year’s weaker final quarter, recovery gains momentum in the new year. It is particularly gratifying that there is a realistic chance that the recovery turns into self-sustaining growth", notes the president of the IV, Dr. Veit Sorger.

The IV's chief economist, Dr. Christian Helmenstein, adds: "We are still in a rather early stage of the economic cycle. The upward…