Austria: Consumer confidence drops in April
April 29, 2016
The consumer confidence index elaborated by Fessel-GfK deteriorated in April, reversing the positive trajectory that had begun in January. The indicator fell from March’s minus 12 points to minus 14 points in April. The index has stayed firmly entrenched below the 0-point threshold that indicates that pessimists outnumber optimists since 2011.
April’s result mainly reflected households’ more pessimistic assessment regarding their future financial situation as well as their expectations for the economy, while their opinion on their current financial situation as well as on the country’s economic situation improved mildly over the previous month. April’s survey also showed that consumers were more optimistic regarding current major purchases but more discouraged regarding their future major purchases.