Wifo: Recovery Continues

BusinessEconomy ♦ Published: February 11, 2014; 12:12 ♦ (Vindobona)

Early indicators by the Austrian Institute of Economic Research (Wifo) point to a gradual recovery of the economy both in the European Union and in Austria.

Wifo: Recovery Continues / Picture: © Vindobona.org

While the economic sentiment of Austrian enterprises in the production sector continues to improve the consumer climate cooled off which became evident by the continuing restrained purchase power in the last quarter 2013. Yet, industrial activity already revived the last quarter 2013. Global trade and industrial production increased at the end of 2013. However, the dynamic was mainly…