Austria: Consumer confidence edges up to five year high in July
July 28, 2017
The consumer confidence index produced by Fessel-GfK edged up to 5 points in July, up from 4 points in June. The index therefore moved further above the 0-point threshold, indicating that optimists outnumber pessimists. The index had been below zero from September 2011 until March 2016.
July’s positive print was the result of continued improvement in consumers’ assessment of the general economic outlook and the labor market in the months ahead.
Author: Christopher Mc Innes, Economist