Austria Consumer Confidence


Consumer confidence improves in May

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.

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Austria Consumer Confidence Chart

Austria Consumer Confidence April 2012

Note: Fessel-GfK Consumer Confidence Index.
Source: The GfK Group.

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