Economy in Phase of Sluggish and Weakening Activity

First GDP estimates point to a stagnation of the Austrian economy in the third quarter of 2014. Leading economic indicators suggest that the situation will deteriorate slightly further in the coming months. So far there is no evidence of a subsequent pick-up in momentum, but there is also no indication of a sharper downturn going forward. The Austrian economy is in a phase characterised by sluggish and weakening activity.