Recovery slows down in Austria

BusinessEconomy ♦ Published: January 15, 2011; 00:54 ♦ (Vindobona)

The Bank Austria Business Indicator sees the recovery slowing down. The manufacturing industry shows itself optimistic, consumers a little more subdued.

Recovery slows down in Austria / Picture: ©

Although the economy started strongly in the new year, the most dynamic recovery phase seems to have already been left behind in Austria. "The Bank Austria Business Indicator did not quite manage to reach the 3-annual high of the two previous months anymore in December", says Bank Austria’s Chief Economist, Stefan Bruckbauer.

"The high spirits of the domestic manufacturing…