Austrian Economy Records 0.4% Growth In Q4

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The Austrian economy grew a seasonally adjusted 0.4% quarter-on-quarter in the December quarter, the Austria Institute of Economic Research said on Friday, slowing marginally from the 0.5% increase in the September quarter.

The manufacturing sector recorded 1.4% growth in the December quarter, while the other services and agriculture & forestry sectors grew 0.7% and 0.1%, respectively.

On a yearly basis, Austria's gross domestic product fell 1.5%, slower than the 3.2% fall in the previous quarter.

Austria's GDP shrank 3.6% in 2009 compared to 2008.

The Austrian economy grew a seasonally adjusted 0.4% quarter-on-quarter in the December quarter, the Austria Institute of Economic Research said on Friday, slowing marginally from the 0.5% increase in the September quarter. (Market News Provided by RTTNews)