Austria's economy remained flat in the first quarter, following a 0.1 percent fall in the previous quarter, the Austrian Institute of Economic Research (WIFO) said Wednesday.
On a yearly basis, gross domestic product declined 0.6 percent, reversing the 0.7 percent expansion logged in the fourth quarter of 2012.
Among components of GDP, household spending showed nil growth, while government spending growth accelerated to 0.5 percent from 0.2 percent. At the same time, exports and imports rose 0.3 percent each from the prior quarter. Meanwhile, investment dipped 0.5 percent.
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