Private Consumption Remains Strong

BusinessEconomy ♦ Published: October 7, 2011; 18:23 ♦ (Vindobona)

Despite growing fears of an economic downturn, the Austrian consumer climate is still positive.

Private Consumption Remains Strong / Picture: ©

Austrians slightly increased their consumption in the third quarter of 2011. Economic optimism is declining already, even though the consumer climate, in spite of the current debt crisis, is still strong. These are the results of a monthly survey published on Friday by the Upper Austrian opinion research institute Spectra. Personal interviews were conducted with 1,000 respondents…