In March, the Fessel-GfK consumer confidence indicator inched up from February's minus 7 points to minus 6 points. Despite the improvement, the consumer confidence index remains below the 0-point threshold, which indicates that pessimists outnumber optimists. March's result reflects household's less pessimistic views of their current financial situations as well as of their future financial standing. While consumers' perception of the current economic situation improved compared to the previous month, their assessments of the country's economic prospects deteriorated compared to February. There was a positive development in consumers' willingness to buy big-ticket items in the next 12 months, which improved compared to the previous month. FocusEconomics panelists expect private consumption to expand 0.7% in 2014, which is unchanged from last month's forecast. For 2015, panelists see private consumption rising 1.1%.
Austria Consumer Confidence
Consumer confidence improves slightly in March
March 28, 2014
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Austria Consumer Confidence Chart
Note: Fessel-GfK Consumer Confidence Index.
Source: The GfK Group.
Austria Economic News
October 25, 2016
In August, industrial production expanded 1.6% over the previous month in seasonally-adjusted terms.
September 29, 2016
In September, the Bank Austria Manufacturing Purchasing Managers’ Index (PMI) came in at 53.5, which was up from August’s 52.1.
September 28, 2016
The consumer confidence index produced by Fessel-GfK deteriorated in September.
September 23, 2016
In July, industrial production fell 0.6% over the previous month in seasonally-adjusted terms.
August 31, 2016
The consumer confidence index elaborated by Fessel-GfK deteriorated slightly in August, ending three consecutive months of improvement.