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Financial News: Austria Q2 Economic Growth Unrevised

Austria Q2 Economic Growth Unrevised

09/25/2017 - 04:25:00 (RTTNews)

(RTTNews) - Austria's economic growth eased slightly in the three months ended June, revised from a steady growth reported earlier, latest figures from the Austrian Institute of Economic Research/WIFO revealed Monday.

Gross domestic product advanced 0.8 percent sequentially in the second quarter, in line with the flash data published on July 28.

This was followed by a 0.9 percent expansion in the first quarter, which was revised up slightly from 0.8 percent.

On the expenditure side, private consumption expenditure climbed 0.3 percent over the quarter and gross fixed capital formation increased by 0.9 percent.

Both exports and imports rose by 1.8 percent and 1.6 percent, respectively.

On an annual basis, GDP grew 2.6 percent in the June quarter instead of a 2.2 percent rise reported initially.

During the March quarter, the rate of growth was 3.3 percent, revised up from 2.5 percent.

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