Austria Consumer Confidence February 2016

Austria

Austria: Consumer confidence advances slightly in February

February 26, 2016

The consumer confidence index elaborated by Fessel-GfK improved slightly from January’s minus 15 points to minus 14 points in February. Thus, the index remained firmly entrenched below the 0-point threshold, which indicates that pessimists outnumber optimists.

February’s result mainly reflected that households’ assessments of the current economic situation as well as their expectations for the general economy were less pessimistic than in the previous month. In addition, households were also slightly more upbeat about their current financial situation and their capability to buy large-ticket items.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.2% in 2016, which is unchanged from last month’s forecast. For 2017, panelists see private consumption rising 1.3%.


Author: Teresa Kersting, Economist

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Austria Consumer Confidence February 2016

Note: Fessel-GfK Consumer Confidence Index. The 0-point threshold separates optimistic from pessimistic sentiment.
Source: Fessel-GfK.


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