Strong Upswing in Austria

BusinessEconomy ♦ Published: May 10, 2011; 06:17 ♦ (Vindobona)

Indicators point to a strong and dynamic economic recovery. Surveys of local companies in the manufacturing sector reflect great optimism concerning the course their business is taking.

Strong Upswing in Austria / Picture: ©

In the euro zone, the economic situation continues developing unevenly. The export-oriented economies in Germany’s neighborhood continue recovering. In Austria, the business surveys of the first quarter also point to a strengthening of the economy, but this tendency should subside again. In the fourth quarter of 2010, the real growth of the domestic GDP compared with the previous…