Brighter Prospects for Industry, Perceptibly Lower Unemployment

In Austria, the dent in the business cycle, which occurred at the turn of 1998-99 in the wake of international financial and economic crises and weak demand from its main trading partners, appears at last to have been overcome. Businesses are once again optimistic in their outlook with regard to their order books and production level designs. The labour market situation continues to ease, because of brisk employment growth and intense training activities by the Labour Market Service.