Retail Trade: No Improvement Expected

Business › Economy ♦ Published: July 27, 2011; 23:10 ♦ (Vindobona)

After weak first six months, the Austrian retail sector hopes for increasing demand in the second half of 2011. Weak development of incomes reduces consumers’ willingness to spend.

Retail Trade: No Improvement Expected / Picture: © Vindobona.org

The enthusiastic mood in Austria’s retail industry has gone. The first half of the year brought a nominal plus of 2.8% and stagnation in real terms. With total revenues of € 24.5bn it was the weakest period since the beginning of 2009. Expectations for the next six months are not much better.

The Institute of Economic Research (Wifo) predicts a continuing economic upward…

or Log In

Fast News Search
Related News
Crisis Reaches Retail Sector (July 21, 2011)
Strong Decline in Retail Trade Volume (July 5, 2011)
Retail Sector: New Discussion about Sunday Opening (June 20, 2011)
Shopping Tourism: Asian Visitors Spending Heavily (June 14, 2011)
Slight Decline in Retail Trades Sales in Real Terms (May 3, 2011)
Austrian Retail Trade Accelerates Economic Upward Trend (February 1, 2011)
Read More
Retail Industry, Private Consumption, WIFO Austrian Institute of Economic Research, KMU Forschung Austria, Earnings, Forecasts, Foreign Trade
Featured
See latest Vindobona Newsletter