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09. 02. 10. - 12:00

Austrians cutting back

Austrians are cutting back as the economy continues to struggle out of recession, new research has shown.

People are mainly spending less on food and dining out, according to results of a new study by Nuremberg’s Institute for Consumption Research (GfK) released yesterday (Mon).

Its poll of 10,200 people in nine European countries including Austria shows that 43.5 per cent of Austrians are shopping for the cheapest food and drink and 41 per cent are dining out less often.

Meanwhile 36 per cent are saving by buying fewer household appliances, new cars and less furniture, 30 per cent are purchasing less clothing and fewer shoes, and 23 per cent are making fewer trips by car.

Germans, Brits and the French are also cutting back on spending, whereas Spaniards and Poles have not done so despite high unemployment in their countries.

Austrian Times

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