Austrian Consumption, Exports Lifted Economy 0.2% in 2nd Quarter

Austria’s economy expanded in the second quarter after the Alpine republic’s manufacturers lifted exports and people consumed more goods and services, the government-backed Wifo economic research institute said.

Second-quarter gross domestic product, the value of goods and services, rose 0.2 percent from the preceding three months, Wifo said today in an e-mailed statement. Households consumed and businesses exported 0.5 percent more in the period.

Wifo also revised its estimate for the first quarter of this year to 0.5 percent from from 0.3 percent reported in June. Austria’s economy has expanded 0.2 percent on a year-on-year basis, according to Wifo.

To contact the reporter on this story: Jonathan Tirone in Vienna at jtirone@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.