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VIENNA， Feb. 13 (Xinhua) -- The Austrian economy is well-positioned to continue on its stable growth trend and will see a higher growth rate in the first half of 2017 than previously expected， the National Bank of Austria (ONB) said on Monday.


In its latest projection based on its own economic indicators， the central bank has increased its forecast for the current quarter by 0.1 percent， to 0.6 percent real GDP (gross domestic product) growth over the fourth quarter of 2016. It also anticipates the second-quarter growth to be 0.5 percent.


On a year-over-year basis， the growth is thus expected to be 1.9 percent and 2.1 percent in the first two quarters respectively， significantly higher rates than seen in recent years.


The central bank said the positive trend began last year thanks in most part to a boost in private consumption. The positive labor market situation is anticipated to further support this， despite an increase in inflation.


It also noted that investments， another major pillar of the upward growth trend particularly in the form of company equipment， had slowed through the course of 2016. An anticipated boost in exports will however compensate for this， meaning a continued positive outlook for the industrial sector， the bank said.


BUDAPEST Rush Jamon Brown Jersey , Nov. 6 (Xinhua) -- September's industrial output was 7.6 percent over last year's figure, the Hungarian Central Statistics Office announced Thursday.


When adjusted for working day and calendar influences, the increase was 5.2 percent year-on-year.


While details will not be available until Nov. 12 Rush Rob Havenstein Jersey , the numbers appear to show that the August decline of 5.7 percent compared to July of this year -- which still was a 2.9 percent increase year-on-year when adjusted for working day and calendar effects -- was a fluke, triggered by summer holidays in the vehicle industry.


In the first nine months of 2014, industrial output was 8.6 percent higher than in the first nine months of 2013.


Analysts queried by local wire service MTI differed in their interpretations of the growth. Some said they had expected the growth rate to be higher Rush Tyler Higbee Jersey , and that the numbers suggested a slowdown in general industrial improvement, while others see it as getting back on track after the August drop.


Some point to the halting of sales to Russia as a factor in lower food industry growth, while others cite problems in the euro zone as a hindrance to exports. Most agree that whatever the cause Rush Jared Goff Jersey , Hungarian industry should not expect to see double digit growth until the international business environment picks up.


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