Published: 2024-09-04
Austria's economy has shown signs of recovery after a prolonged period of contraction.
For the first time in 16 months, industrial sales rose by 4.2% in July, offering a glimmer of hope amid ongoing economic challenges.
The construction sector also saw a 3.3% increase compared to the previous year.
Despite these positive developments, the unemployment rate climbed to 6.7% in August, with a notable rise in industrial unemployment.
Inflation continues to decline, reaching 2.4% in August, although high costs in sectors like gastronomy and housing persist.
As Austria approaches its national elections, economic issues remain a central topic, with political parties debating the best path forward for the country's economic recovery.
Related articles in German:
Wirtschaft weiter geschrumpft, aber erste Lichtblicke
kurier.at
Wie es vier Wochen vor der Wahl um Österreichs Wirtschaftsstandort...
diepresse.com
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