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Austria: Economic sentiment eases in June
Latest reading: Economic sentiment came in at 90.3 in June, down from May’s 91.6. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected declining sentiment in the industrial sector and weaker confidence in the services sector. Meanwhile, sentiment among consumers and in the construction plus retail sectors improved.
Considering indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index rose in June.
