Austria: Consumer confidence drops in September
September 28, 2016
The consumer confidence index produced by Fessel-GfK deteriorated in September. The indicator fell from August’s minus 9 to minus 11 in September, pushing it further below the 0-point threshold that indicates that pessimists outnumber optimists. July’s result had marked the index’s highest reading in two years; the index has been below zero since 2011.
September’s result mainly reflected households’ increased concern about unemployment and the economic situation in the next 12 months.
Author: Christopher Mc Innes, Economist