Austria: Consumer Confidence Negative

BusinessEconomy ♦ Published: July 16, 2013; 18:09 ♦ (Vindobona)

Today, Bank Austria has published its monthly economic indicator. Domestic demand will not grow this year, Bank Austria says.

Austria: Consumer Confidence Negative / Picture: ©

According to the analysts of Bank Austria, the consumer confidence turns negative. For the first time since 1997, domestic demand will not grow, the analysts say. “On the one side, the consumer confidence is worsening the economic outlook. On the other side, the European industrial sector could improve its performance in the first six months of 2013.” Bank Austria´s chief economist…