AA

"Sluggish Dynamics on a Broad Basis": Economy Grows by Only 0.1 Percent in the 3rd Quarter

Das Wirtschaftswachstum hat laut Wifo-Experten eine "träge Dynamik".
Das Wirtschaftswachstum hat laut Wifo-Experten eine "träge Dynamik". ©Canva (Sujet)
This year, the domestic economy shows only slight progress. In the third quarter, the Gross Domestic Product (GDP) increased by only 0.1 percent in real terms compared to the previous quarter, according to a preliminary estimate by the Economic Research Institute (Wifo). Compared to the same quarter of the previous year, this results in an increase of 0.6 percent. Wifo describes this as "sluggish dynamics on a broad basis."

"Both the industrial and service sectors developed only moderately," the economists write. In the construction industry, value added even decreased by 0.5 percent. In the service sector, value added in trade, transport, accommodation, and gastronomy fell by 0.2 percent, while it performed slightly better in public administration and other services (each plus 0.2 percent).

Private Consumption Demand Develops Only Hesitantly

Private consumption demand also developed only hesitantly with a plus of 0.1 percent. Foreign trade also dampens the development. Compared to the previous quarter, exports fell by 0.4 percent, while imports remained unchanged.

Already in the first half of the year, progress was very slow. According to data from Statistics Austria, GDP increased by 0.2 percent in the first quarter, but fell again by 0.1 percent in the second quarter.

BIP real zum Vorquartal und Vorjahresquartal, Q2/2024 bis Q3/2025, Quelle: Wifo; Die Auslieferung der APA-Grafiken als Embed-Code ist ausschlie§lich Kunden mit einer gŸltigen Vereinbarung fŸr Grafik-Pauschalierung vorbehalten. Dabei inkludiert sind automatisierte Schrift- und Farbanpassungen an die jeweilige CI. FŸr weitere Informationen wenden Sie sich bitte an unser Grafik-Team unter grafik@apa.at. GRAFIK 1359-25, 88 x 92 […]

(APA/Red.)

This article has been automatically translated, read the original article here.

  • VOL.AT
  • Vienna English News
  • "Sluggish Dynamics on a Broad Basis": Economy Grows by Only 0.1 Percent in the 3rd Quarter