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Austria Consumer Confidence July 2019

Austria: Consumer sentiment remains in negative territory in July

Sentiment among Austrian consumers was unchanged at minus 4 in July, marking the joint-lowest reading since March 2017. July’s reading came despite consumers growing less upbeat about their financial situation, the general economic situation, the labor market, and their willingness to save. Weak sentiment is likely being driven by the uncertain domestic political panorama, weaker Euro area growth and global trade tensions.

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