Austrians Tend to Lower Consumption

BusinessEconomy ♦ Published: April 6, 2012; 14:29 ♦ (Vindobona)

According to a survey, business optimism is stabilizing. Nevertheless, the tendency to consume is declining.

Austrians Tend to Lower Consumption / Picture: ©

After a sharp decrease at the end of 2011, business optimism of Austrians stabilized in the first months of 2012. Now, a tendency to cut consumption becomes more obvious. 1,000 persons were asked by the market research institute Spectra. The share of those who think that economic growth accelerates remained at 9.0%. 33% of the interviewees see a downward trend. 49% expect that the…