Austria: Economic Sentiment Low

BusinessEconomy ♦ Published: October 17, 2012; 18:11 ♦ (Vindobona)

Despite solution to eurozone crisis taking shape, sentiment of consumers and producers still trending down. More optimistic outlook for 2013 after stagnation in second half of 2012.

Austria: Economic Sentiment Low / Picture: © Vindobona.org

After the tangible slowdown in growth dynamics in the year to date, the Austrian economy switched down another gear in the early autumn. "The latest Bank Austria Business Indicator fell once more in September. Although the pace of this decline was stable compared to the previous month, coming in at -1.2 points this is now the lowest indicator reading for more than three years", said…