Regional Economic Development. 3rd Quarter of 2017

Growth in Austrian real GDP during the 3rd quarter of 2017 marked the strongest growth rate in seven years. This upturn was fuelled by high investment activities and strong export demand, but also consumption levels saw robust gains. From a sectoral as well as a regional perspective the upturn is based on a solid foundation. Current business cycle indicators hardly reveal any regional patterns. Only the unemployment rate still shows the west-east gradient prevailing in the developments over the last few years.