Austria's economy expanded 0.9% sequentially in the third quarter after contracting 0.5% in the second quarter, the Austrian Institute of Economic Research or WIFO said Friday. The economy exited recession after contracting in past four quarters.
Exports rose 1.4% in the third quarter, compared to the second, while imports were up 0.9%. Private consumption increased 1.2% and government expenditure climbed 1.8%. Gross fixed capital formation was up 1.4%.
Compared to the previous year, GDP fell 2.4% in the third quarter versus a 5.3% contraction in the second quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.