Austrian Purchasing Power on the Rise

BusinessEconomy ♦ Published: April 13, 2012; 15:51 ♦ (Vindobona)

In spite of the austerity package, disposable income is increasing. Last year, income was up by € 500 per head.

Austrian Purchasing Power on the Rise / Picture: ©

Due to the relatively low unemployment rate and the moderate wage increase, the average purchasing power rises by 0.6% in real terms this year. This is the outcome of a study by RegioData Research. In nominal terms, the average purchasing power increases by 2.9%. This means that every Austrian has € 500 more disposable income on average. Last year, disposable income was € 18,825 per…