Austria: Economic sentiment improves in February
Latest reading: Economic sentiment rose to 91.1 in February from January’s 88.8, marking the strongest reading since May 2024. As a result, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected healthier sentiment among consumers and in the industrial plus construction sectors. Moreover, confidence in the services sector improved. On the flipside, sentiment in the retail sector softened.
Regarding indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index decreased in February.