Regional Economic Development. 1st Quarter of 2018

The Austrian economy grew by 0.8 percent in the 1st quarter of 2018 compared to the 4th quarter of 2017. Growth remained therefore constant in comparison to the previous two quarters. In accordance with the prevailing economic boom, employment was extended significantly in the 1st quarter while the decrease in unemployment continued. Similar to 2017 the economic upturn covered all Länder in the 1st quarter of 2018. Regional patterns in the business cycle were hardly visible.