Zero Growth in Austrian Trade Sector

CompaniesRetail & Consumer ♦ Published: January 5, 2012; 18:18 ♦ (Vindobona)

The Austrian trade sector closes the year 2011 with “zero growth”. The Chamber of Commerce expects “very difficult times” for 2012.

Zero Growth in Austrian Trade Sector / Picture: ©

For Roman Seeliger from WKÖ (Austrian Chamber of Commerce), 2011 could even bring a slight decline in revenues for the domestic trade sector. This would depend on the final inflation rate, which influences real growth. In 2012, the industry will face “very difficult times”, which is due to the austerity package and the whole economic situation. At the moment, the consequences for…