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Austria’s Economy Contracted 0.1% in Fourth Quarter, Wifo Says

March 8 (Bloomberg) -- Austria’s economy contracted in the fourth quarter after lower demand for goods in the euro area slowed exports, the government-backed Wifo economic research institute said.

Fourth-quarter gross domestic product shrank 0.1 percent after stagnating in the third quarter, Wifo said today in an e-mailed statement. Exports declined 0.3 percent and consumer demand fell 0.1 percent.

The contraction was less than the 0.2 percent estimate published by Wifo Feb. 14.

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

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