Austria: Economic sentiment remains below threshold in December
Latest reading: Economic sentiment increased to 94.6 in December, following November’s 92.4. December’s reading was the highest since February 2023. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
In December, sentiment brightened in the industrial sector (-12.4 vs -13.0 in November), the services sector (+11.5 vs +6.1 in November) and among consumers (-16.0 vs -17.5 in November). On the flipside, sentiment worsened in the construction sector (-18.4 vs -14.3 in November) and the retail sector (-6.7 vs -5.7 in November).