Austria: Economic sentiment declines in February
Latest reading: Economic sentiment dropped to 93.0 in February, following January’s 94.8. The latest reading was below the long-term average of 100, pointing to a muted near-term outlook for the economy.
In February, sentiment worsened in the industrial sector (-15.4 vs -12.1 in January), the construction sector (-25.8 vs -20.3 in January) and the services sector (+8.8 vs +13.9 in January). On the flipside, sentiment turned more upbeat in the retail sector (-2.2 vs -6.5 in January) and among consumers (-13.2 vs -18.4 in January).