In September, the Fessel-GfK consumer confidence indicator fell to minus 14 points, marking the lowest level seen since June 2009. The reading came in below the minus 11 points recorded in August and dipped further below the 0-point threshold, which indicates that pessimists outnumber optimists. According to the survey, consumers continue to show pessimism regarding the current economic situation and economic prospects for the next 12 months. Moreover, respondents to the September survey showed more pessimism about their current financial situation as well as about their financial standing for the next 12 months. In addition, respondents to the survey also revealed a more pessimistic assessment about future job conditions.
Austria Consumer Confidence
Consumer confidence nosedives to lowest level in over three years
September 30, 2012
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Austria Consumer Confidence Chart
Note: Fessel-GfK Consumer Confidence Index.
Source: The GfK Group.
Austria Economic News
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 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.
August 30, 2016
In August, the manufacturing Purchasing Managers’ Index (PMI) produced by Bank Austria came in at 52.1, which was down from July’s 53.4.
August 29, 2016
The economy lost steam in the second quarter of 2016, according to the revised data released by the Austrian Institute of Economic Research (WIFO) on 29 August.