A city on a lake in Austria

Austria Consumer Confidence June 2018

Austria: Consumer confidence drops to seven-month low in June

Consumer confidence dropped from 11 in May to 9 in June, marking the lowest reading since October of last year, and reflecting a slightly less upbeat view on the general economic situation in Austria. However, the index remained firmly entrenched above the crucial zero-point mark that separates optimism from pessimism among consumers.

A breakdown of sentiment drivers showed that while consumers grew more positive regarding their financial situation in the next 12 months, their outlook on the general economic situation over the past 12 months and the next 12 months became slightly less rosy. The less upbeat sentiment regarding the expected trajectory of the Austrian economy was contrasted by more optimism regarding the labor market—this comes amid a falling unemployment rate, which dropped to a near five-year low in April, the latest month for which data is available. Subsequently, consumers’ propensity to save decreased slightly, and they became more willing to make major purchases. Consumers grew slightly more negative about the inflation outlook for the year ahead.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest