Study: Retail Spaces in Austria in Decline
The decline has persisted for a decade but accelerated in the last two years, particularly affecting footwear, electronics, furniture, and clothing.
Austria’s Economy Shrinks as Construction and Retail Decline
Austria’s economy shrank more sharply than expected in 2023, with the construction industry and retail sector showing the largest declines.
Vienna Retail Sales Fall 2.2% Amid Inflation and Heatwave
Shops in the city have seen nearly €1.5 billion less in turnover compared to the same period last year.