Austria: Erste, 2Q GDP revised downwards
Private consumption remains main driver of growth
25 September, 16:53The first quarter data has been revised upwards from 1.5% to 2.0% year-on-year, Ersted added. The quarter-on-quarter growth amounted to 0.5% and 0.3% in the first and second quarter correspondingly. Private consumption remained the main driver of the economic growth in Austria, while investments weakened compared to the previous quarters but still expanded at 0.5% q/q, Erste said. (ANSA).