Austria: Economic sentiment eases in April
Latest reading: Economic sentiment fell to 88.8 in April from March’s 89.8. As a result, the index remained entrenched below the long-term average of 100, pointing to a downbeat near-term outlook for the economy.
The headline print reflected weaker sentiment among consumers and softer confidence in the services sector. Meanwhile, sentiment in the retail, services and industrial sectors improved.
Regarding indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index rose in April.