In May, the Fessel-GfK consumer confidence indicator rose to minus 3 points from minus 5 points in April, which represents its highest level since August 2011. Despite the improvement, the index remains below the 0-point threshold, which indicates that pessimists outnumber optimists, for the ninth consecutive month. The May survey showed that consumers were less pessimistic about their future financial prospects for the next 12 months. Moreover, respondents also had a better assessment regarding the current economic situation and economic prospects in the year ahead. Finally, consumers showed more willingness to embark on major purchases.
Austria Consumer Confidence
Consumer confidence improves in May
May 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.