In November, the Fessel-GfK consumer confidence indicator inched down to minus 11 points, from minus 10 points in October, which had represented the first improvement in four months. Consequently, the index fell further below the 0-point threshold, which indicates that pessimists outnumber optimists. According to the survey, although consumers were somewhat less pessimistic about both the current economic situation and future economic prospects, households were less upbeat about both their current financial standing as well as their future financial prospects for the next 12 months. In addition, consumers reported more pessimism regarding future job prospects. Consequently, households' willingness to buy big-ticket items in the next 12 months dropped compared to the previous month.
Austria Consumer Confidence
Consumer confidence wanes in November
November 29, 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.