Regional Economic Development. 1st Quarter 2017

In the first quarter 2017, real gross domestic product in Austria exerted an accelerated growth. The positive economic development is especially attributable to a robust domestic demand. The dynamics are moreover rooted in a broad sectoral basis with nearly all economic sectors providing positive impulses on growth and the labour market. Marked increases were particularly pronounced in manufacturing and construction growth. The west-east divide in economic growth, which was often reported in the last years, appears to vanish gradually.