Austria Consumer Confidence August 2018

Austria

Austria: Consumer confidence edges down in August

August 31, 2018

Consumer confidence moderated in August, with the index dropping to 8 from 9 in July; however, sentiment remained firmly entrenched above the crucial zero-point mark separating optimism from pessimism among consumers.

August’s reading reflected less optimism regarding the financial situation of households and the general economic situation in Austria in the year ahead and the past year. On the other hand, consumers’ willingness to purchase big-ticket items increased. However, consumers became more pessimistic regarding price developments in the next 12 months and the previous 12 months, which likely fed into a slight increase in the propensity to save in the year ahead.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.7% in 2018, which is unchanged from last month’s forecast. For 2019, panelists see private consumption rising 1.6%, down 0.1 percentage points from last month.


Author:, Economist

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Austria Consumer Confidence August 2018

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


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