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Austrian consumer spending mood increases despite restrained economic outlook

Xinhua, April 16, 2015 Adjust font size:

Austrians intend to spend more money as consumer confidence reaches its highest level in over two years for the first quarter of 2015, a new survey showed.

The results of the survey, conducted by market research company Gfk and presented here Wednesday, come however at a time when the economic outlook for Austria has worsened, particularly in contrast to other European countries, with Austrians on the whole tending toward a pessimistic view of the future.

"There is a lack of positive news regarding an economic recovery that can lead Austria out of the basement of the European economic climate," said Paul Unterhuber from Gfk Austria.

While economic indicators in countries such as Germany, Spain, Great Britain, Czech Republic, and Slovakia are proving optimistic, those of Austria are quite murky, with only Italy and Bulgaria having a similarly hazy outlook, Gfk said. Endit