Wealth Growth of Private Households Comes to a Halt

Business › n.a. ♦ Published: July 14, 2011; 14:28 ♦ (Vindobona)

Austrian households’ financial assets increased only marginally to € 462bn in the first quarter. Investments in bank bonds were the driving factor with a total of € 1.1bn.

Wealth Growth of Private Households Comes to a Halt / Picture: © Vindobona.org

Current data of the Austrian National Bank (OeNB) shows that households have significantly reduced investments in the first three months of the year and returned to the level of early 2010. After disproportionally high net investments in the fourth quarter of 2010, the period from January to March 2011 brought stagnation in wealth of private households. Compared to the previous quarter,…

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