Debt Crisis Dampens Austrians’ Propensity to Buy

Business › Economy ♦ Published: August 2, 2011; 16:55 ♦ (Vindobona)

Austrians are reducing consumption and increasing their savings. Only 24% expect an economic upswing.

Debt Crisis Dampens Austrians’ Propensity to Buy / Picture: © Vindobona.org

After two years of growing economic optimism in Austria, the second quarter of 2011 has brought a deterioration in consumer sentiment. At the same time, Austrians’ propensity to save is growing. These are the results of monthly surveys conducted by the opinion research institute Spectra.

The pollsters assume that the Greek debt crisis has had an impact on the sentiment of…

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