Strong Current Account Balance Is Driven by Exports

Business › Economy ♦ Published: July 12, 2011; 13:39 ♦ (Vindobona)

The Austrian current account showed a surplus of € 3.8bn in the first quarter of 2011. The total amount of Austrian FDI was higher than in the full year 2010.

Strong Current Account Balance Is Driven by Exports / Picture: © OeNB

The National Bank (OeNB) on Tuesday presented the Austrian balance of payments for the first quarter of the year. A strong development in exports has helped to maintain a stable current account surplus of € 3.8bn from January to March. Direct investments in foreign companies showed a massive increase to € 10bn which is higher already than the level of the full year…

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