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Private Consumption

Austrians Tend to Lower Consumption

According to a survey, business optimism is stabilizing. Nevertheless, the tendency to consume is declining.

April 6, 2012

Austrians to Reduce Spending in 2012

Most people want to cut back on food and beverages, consumer electronics and holidays.

December 29, 2011

Stable Electricity Consumption of Austrian Households

2003–2010: Overall electricity consumption of private households rose by 3%; highest consumption in one-person households and privately owned houses.

November 14, 2011

Retail Turnover Down by 1.2%

Sales volume of food retail trade was up by 0.3% in the first nine months of the year while the non-food sector registered a decline by 1.3%.

November 9, 2011

Stagnation Expected in Austria for 2011

Insecurity and a lack in foreign demand will cause a massive slowdown of the Austrian economy in 2012. Consumers and companies become more cautious.

October 17, 2011

Private Consumption Remains Strong

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

October 7, 2011

GDP Growth below Expectations in Q2

The real growth rate was revised downwards to 0.7%. Wifo expects a normal slowdown but no economic crisis.

September 16, 2011

Austrian Economy 2010: Noticeable Recovery

According to calculations by Statistics Austria, the Austrian economy grew by 2.3% in the year 2010. GDP per inhabitant amounted to € 34,120.

September 9, 2011

Retail Trade with Significant Drop in Revenue in July

Adjusted for inflation, revenue of the Austrian retail companies declined by 4.6% compared to the previous year.

September 8, 2011

Consumer Confidence Declines in the Second Quarter

In line with the global trend, Austrian consumers have recently become less optimistic. Major concerns are rising cost of living and the general economic situation.

August 19, 2011

Economic Upward Trend Continued in Second Quarter

From April to June, Austrian GDP grew by 1% compared to the first three months of 2011 while the euro zone average was only 0.2%.

August 16, 2011

Debt Crisis Dampens Austrians’ Propensity to Buy

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

August 2, 2011

Austrians Buy Less – Sales in Retail Trade Dropped 0.8%

Sales volume of food retail trade was up 0.3% in the first half of the year while the non-food sector registered a decline by 0.8%.

August 1, 2011

Retail Trade: No Improvement Expected

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.

July 27, 2011

Crisis Reaches Retail Sector

Austria’s retail industry starts to feel the effects of a high inflation rate and the euro crisis. In May, revenues declined by 2.3%.

July 21, 2011

Shopping Tourism: Asian Visitors Spending Heavily

Russia remains the top shopping nation while Asian tourists' spending is increasing significantly.

June 14, 2011

Austria's Shopping Centers are Growing, but Not Getting More Productive

The productivity per area of the shopping centers in Austria shows a mixed picture according to a RegioPlan analysis.

May 6, 2011

Austrians are Patriots when Shopping for Food

A majority of Austrian consumers puts emphasis on the domestic origin of food.

April 27, 2011

Monthly Expenditures of Austrian Households: € 2,910

Household Budget Survey 2009/10: Monthly expenditures for housing and energy account for 24%.

April 12, 2011

Forecast: Austria's Economic Growth in 2011 at 2.5%

The upswing in the first half year continues mainly due to strongly growing exports. A flattening of growth is expected after this.

April 2, 2011

2.7% Economic Growth Due to Exports

Austria's GDP increased compared with the previous year by 2.7%, stimulated mainly by exports and material goods production.

March 11, 2011

Saving in Austria Still Popular

Erste Bank’s forecast on savings and credit trends: Austrians plan to set aside approximately € 5,460 in 2011.

February 22, 2011

Economic Indicator: 2011 Brings More Dynamism to Austria's Economy

Economic recovery has stabilized rapidly in Austria. The Bank Austria Business Indicator has climbed to a three-year high.

February 17, 2011

Strong Sales and Weak Profits in Austria's Retail Business

Almost all sectors recorded sales growth, but not all businesses benefited from the boom: "Sales growth is not equal to profit growth".

February 16, 2011

Consumption Expenditure of Foreign Tourists Grows

Russian and Chinese tourists are proving to be particularly generous consumers in Austria. Overall sales rose by 23% in 2010.

February 3, 2011

Austrian Retail Trade Accelerates Economic Upward Trend

In 2010, the Austrian retail trade rose by 4.0%. Thus, this figure represents the highest retail trade growth since the 1990s.

February 2, 2011

Austria's Growth Remains Dependent on Exports

The Austrian GDP will grow in real terms, according to WIFO, at an annual average of 2.2% per year between 2011-2015. The unemployment rate is expected to stagnate.

January 25, 2011

Slight Slowdown of Austria’s Economy

According to the Austrian National Bank (OeNB), economic growth slowed down temporarily at the turn of the year.

January 22, 2011

Recovery slows down in Austria

The Bank Austria Business Indicator sees the recovery slowing down. The manufacturing industry shows itself optimistic, consumers a little more subdued.

January 15, 2011

Inflation Increased up to 2.2% in Austria

The Consumer Price Inflation (HICP) increased up to 2.2 % in December 2010. This was mainly due to energy prices.

January 15, 2011

Sales Increases for the Pfeiffer Group

The Upper Austrian commercial group increased its sales last year to € 682m. Price pressures are however immense, according to Pfeiffer.

January 13, 2011

Leitl Urges Implementation of Reform Plans

The President of the Austrian Economic Chamber shows himself pleased by the economic data 2010 and urges the continuation of educational and administrative reforms.

January 3, 2011

Generali Money Study: What Austrians Will Spend their Money on in 2011

More money will be spent on vacations, housing and sports. Propensity to consume is higher in men.

December 27, 2010

Austrians spend about € 2.5bn on gifts

Spending propensity shows a rising trend. Cash is still the most widely means of payment.

December 14, 2010

WIFO: Austrian Manufacturing Industry in Good Position

The economic recovery driven by exports and the manufacturing industry continued in the fall: the GDP grew 2.4% over the previous year in the third quarter.

December 10, 2010

Increase of Austrians’ Purchasing Power

Despite higher taxes and lower benefits, the purchasing power of the Austrian people will grow in 2011 by an estimated 2.6%.

December 7, 2010

CEE: Catch-Up Process Starts Again

After the growth break caused by the economic crisis, Eastern Europe is back on the upswing. However, the catch-up process has been delayed by years.

November 22, 2010

Public debt an obstacle for companies

Uncertainty of government bonds increases financing risk warns S & P – Euribor registers eleven months high The uncertainty about the financial situation of some European countries could have an impact on sensitive companies. The U.S. rating agency St

July 14, 2010

More private consumption in Austria

In Austria the private consumption expenditure has increased by 0.3 percent in the first quarter of 2010.

July 7, 2010
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