Austria Consumer Confidence April 2021

Austria

Austria: Consumer confidence deteriorates in April

May 27, 2021

Consumer confidence fell to minus 8 in April from March's minus 6. As a result, the index moved further south of the neutral zero-threshold and indicated greater pessimism among consumers.

The downtick reflected deteriorating views on the economy and households’ financial situation in the past 12 months, while attitudes on the financial situation of households in the year ahead moderated and views on the economy in the same time period worsened. Moreover, sentiment regarding major purchases in the next 12 months dropped markedly.

FocusEconomics Consensus Forecast panelists foresee private consumption growing 3.9% in 2021, which is down 1.0 percentage points from last month’s forecast. For 2022, panelists see private consumption rising 3.0%.


Author:, Economist

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Austria Consumer Confidence April 2021

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


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