Austria Consumer Confidence April 2016

Austria

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.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.4% in 2016, which is up 0.1 percentage points from last month’s forecast. For 2017, panelists see private consumption rising 1.3%.


Author: Marlène Rump, Senior Data Analyst

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Austria Consumer Confidence April 2016

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


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