FOREX TradingCharts.com

Financial News: Austria GDP Shrinks In Q4

Austria GDP Shrinks In Q4

01/29/2021 - 09:20:00 (RTTNews)

(RTTNews) - Austria's economy contracted in the final three months of 2020 after strong growth in the third quarter, preliminary figures from the Austrian Institute of Economic Research, or WIFO, showed on Friday.

Gross domestic product decreased 4.3 percent from the third quarter, when the economy expanded 12.0 percent. Economists were looking for a 2.5 percent decline.

From a year ago, GDP fell 7.8 percent in the fourth quarter after a 4.2 percent drop in the previous three months. That was the fourth contraction in a row.

The restrictions of the second lockdown hurt consumer spending and the service sector, WIFO said.

Tourism, commerce, transport as well the entertainment and recreation sectors recorded significant losses, while the boom was more stable in the construction and industrial sectors.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Malaysia Producer Prices Decline Slows In January (09 min(s), 12 sec(s) ago)
(RTTNews) - Malaysia's producer prices declined at a softer rate in January, figures from the ...Full Story»

Australia Private Capex Climbs 3.0% In Q4 (11 min(s), 48 sec(s) ago)
(RTTNews) - Private capital expenditure was up 3.0 percent on quarter in the fourth quarter of 202 ...Full Story»

South Korea Interest Rate Decision On Tap For Thursday (56 min(s), 48 sec(s) ago)
(RTTNews) - The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announ ...Full Story»

U.S. New Home Sales Spike Much More Than Expected In January (46 min(s), 48 sec(s) ago)
(RTTNews) - Data released by the Commerce Department on Wednesday showed a much bigger than expect ...Full Story»

Latvia Jobless Rate Falls In Q4 (05 min(s), 48 sec(s) ago)
(RTTNews) - Latvia's unemployment rate decline in the fourth quarter, figures from the Central ...Full Story»

Croatia Consumer Prices Continue To Decline (46 min(s), 48 sec(s) ago)
(RTTNews) - Croatia's consumer prices continued to fall in January, figures from the Croatian ...Full Story»

Austria Manufacturing Sector Growth Fastest In 3 Years (40 min(s), 48 sec(s) ago)
(RTTNews) - Austria's manufacturing sector grew at the fastest pace in three years in February ...Full Story»

Slovenia Output Prices Rise In January (34 min(s), 48 sec(s) ago)
(RTTNews) - Slovenia's output prices rose in January, figures from the Statistical Office of t ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Malaysia Producer Prices Decline Slows In January

02/25/2021 - 00:24 AM (RTTNews)
(RTTNews) - Malaysia's producer prices declined at a softer rate in January, figures from the ...Full Story>>

Australia Private Capex Climbs 3.0% In Q4

02/24/2021 - 19:45 PM (RTTNews)
(RTTNews) - Private capital expenditure was up 3.0 percent on quarter in the fourth quarter of 202 ...Full Story>>

South Korea Interest Rate Decision On Tap For Thursday

02/24/2021 - 17:30 PM (RTTNews)
(RTTNews) - The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announ ...Full Story>>

U.S. New Home Sales Spike Much More Than Expected In January

02/24/2021 - 10:20 AM (RTTNews)
(RTTNews) - Data released by the Commerce Department on Wednesday showed a much bigger than expect ...Full Story>>

Latvia Jobless Rate Falls In Q4

02/24/2021 - 06:39 AM (RTTNews)
(RTTNews) - Latvia's unemployment rate decline in the fourth quarter, figures from the Central ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.