The household furniture and equipment retail sector in Austria is expected to see a slight sales increase of 0.1% in August. However, the month-on-month momentum is predicted to be negative, at -0.3%. Looking forward to November, sales are anticipated to grow by an additional 2.7%. The three-month forecast volatility for this sector is 0.2, which is a decrease of 0.26 from the previous year. These projections are based on Eurostat's household furniture and equipment retail index data.
The forecast for the household furniture and equipment retail sector indicates an 80% probability of increased demand by November 2025. The distribution curve highlights the most likely demand outcomes at its peak, with less probable scenarios represented in the tails. Businesses should prepare for potential growth by adjusting inventory and resource allocation while also considering contingency plans for less likely demand fluctuations.
Austria shows a slight sensitivity to price changes compared to its European counterparts in the household furniture and equipment retail sector. The year-over-year normalized price-sensitivity score decreased by 74%, indicating a slight increase in sensitivity, while the volatility of this score decreased by 70%, suggesting a slight stabilization. These metrics, derived from rolling twelve-month windows, reflect the year-over-year drift and stability of price elasticity. The estimates are based on a hierarchical mixed-effects model that integrates data across various geographies, resulting in an overall price-effect *p*-value of less than 0.01. This suggests that pricing strategies in Austria should be carefully managed to maintain demand stability.
Method: Price Elasticity Insights