Merchandise Trade Balance in Austria
Quarter-on-quarter GDP growth was flat in Q4, as reductions in private consumption and exports of goods and services were offset by increases in public consumption and investment. The economy appeared to contract in quarterly terms in Q1, dragged down by weaker activity in the trade, transport, and hospitality sectors, which was likely only partly offset by improving industrial and construction activity. Data for the second quarter is limited, although an uptick in business sentiment in April and an expected decline in price pressures during the quarter bode well for activity. In other news, the European Commission disbursed the first payment of 700 million under the Recovery and Resilience facility on 20 April following the fulfillment of EU targets.
Austria Merchandise Trade Balance Chart
Austria Merchandise Trade Balance Data
|Merchandise Trade Balance (EUR bn)||-5.6||-6.0||-4.3||-1.9||-12.9|