Vienna (APA-ots) – According to WIFO’s current flash estimate, the
Austrian economic output in the first quarter of 2023 compared to
previous quarter up 0.3%. In addition to declines in consumption-related and
development stagnated in the economic service sectors
in the domestic industry. On the demand side, the
foreign trade the economy.
According to initial calculations, GDP fell by 0.3% in the first quarter of 2023
compared to the previous period (key figure according to Eurostat specifications). With it
the momentum cools after the stagnation of the past two
quarters (III quarter 2022 +0.1%, IV quarter 2022 -0.0%) further down.
Year-on-year, this represents an increase of 1.8% over the
I. Quarter 2022.
The momentum continued particularly in the service sectors
return. In the areas of trade, transport, accommodation and gastronomy fell
the added value by 0.3%, with the other economic
Services by 0.2%.
The economy remained in the construction and industrial sectors
subdued, even if an expansion (construction industry +1.1%
after 1.1% in the fourth quarter of 2022) or stagnation (ÖNACE 2008,
Sections B to E +0.1% after -0.5% in Q4 2022).
became.
The foreign trade momentum slowed down in the first quarter. The
Exports fell by 1.8% more than imports (-0.1%), so their
development burdens GDP.
Figure 1: Development of the real gross domestic product – on
the [WIFO-Website] (https://www.wifo.ac.at/wwa/pubid/70742)
The consumption demand of private households (including
private non-profit organisations), on the other hand, had a slight effect
stabilizing (+0.7%). Public consumption was after three of
Quarters characterized by growth are currently no longer expanded.
Investment demand developed positively
Gross fixed capital formation increased by 1.1% q/q.
Table 1: Results of the flash estimate of the quarterly
National accounts – on the [WIFO-Website]
(https://www.wifo.ac.at/wwa/pubid/70742)
Important Information
The WIFO quick estimate is a first estimate for that
past quarter. It is based on the quarterly accounts of statistics
Austria and includes GDP and components in the form of
seasonally and working day adjusted rates of change from
Previous quarter (key figure according to Eurostat specifications).
On June 2, 2023 Statistics Austria will release the quarterly data for
the GDP and main aggregates for the first quarter of 2023 on the basis
more complete data published.
Query note:
Please contact us on Friday, April 28, 2023 between 9 a.m. and 11 a.m
Mag. Sandra Bilek-Steindl, Tel. (1) 798 26 01 – 244, [email protected] or Mag. Marcus Scheiblecker, Tel. (1) 798 26 01 – 245, [email protected]
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OTS0025 2023-04-28/09:00