Austria's economic growth slowed in the second quarter, following some improvement in the beginning of the year, preliminary estimates from the Austrian Institute of Economic Research (WIFO) showed Tuesday.
Gross domestic product rose 0.2 percent quarter-on-quarter, after a 0.5 percent expansion in the first three months of the year, which was revised up from 0.3 percent. The economy grew for the third quarter in a row.
Consumer spending was flat in the second quarter versus 0.2 percent growth in the first three months of the year. Investments increased at the same pace of 0.5 percent. Exports rose 0.5 percent, after a 0.4 percent expansion in the previous quarter.
On the production side, manufacturing output rose 0.9 percent, after a 1.2 percent growth in the previous three months. Construction declined 0.4 percent, erasing the gain from the previous quarter.
Year-on-year, GDP rose 0.2 percent, which was considerably weaker than first quarter's 2 percent growth.
by RTT Staff Writer
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