Austria: Consumer confidence brightens somewhat in March
March 29, 2016
The consumer confidence index elaborated by Fessel-GfK improved slightly from February’s minus 14 points to minus 12 points in March. Despite the improvement, the index remained firmly entrenched below the 0-point threshold, which indicates that pessimists outnumber optimists.
March’s result mainly reflected households’ less pessimistic assessment regarding the current economic situation as well as their expectations for unemployment. In addition, consumers are more optimistic regarding the future financial situation, including their future savings.