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Austria Consumer Confidence June 2020

Austria: Consumer confidence improves but remains pessimistic in June

Consumer confidence rose to a three-month high of minus 8 in June from May’s minus 14. Consequently, the headline figure marked the second consecutive monthly uptick, although the print remained firmly in pessimistic territory. The result likely reflected the impact of the gradual easing of lockdown conditions.

The improvement in June was driven by somewhat upbeat views on consumers’ financial situation in the year ahead, with views regarding the general economic climate in the next 12 months turning notably less sour. Moreover, consumers view the current time more suitable to make major purchases, likely due to pent-up spending.

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