Austria's economy grew more than initially estimated in the first quarter, final data from the WIFO research institute revealed Friday.
Gross domestic product rose 0.3 percent quarter-on-quarter, up from the flash estimate of 0.2 percent. In the fourth quarter of 2011, the economy shrank 0.1 percent.
Likewise, annual growth for the first quarter was upwardly revised to 2 percent from 1.9 percent.
Gross investment grew 0.3 percent sequentially and exports climbed 0.4 percent. At the same time, total spending gained 0.2 percent.
by RTT Staff Writer
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