Austria Consumer Confidence

Austria

Austria: Consumer confidence falls from March's eight-month-high

April 29, 2015

The consumer confidence index elaborated by Fessel-GfK fell from March’s minus 10 points to minus 11 in April. March’s print had marked the highest print in eight months. As a result, the index lies further below the 0-point threshold, which indicates that pessimists outnumber optimists.

April’s deterioration mainly reflected consumers’ more pessimistic assessments regarding both their current and prospective economic situations. In addition, households’ views regarding current and future major purchases also deteriorated compared to the previous month. Conversely, households’ assessed their current financial situation more positively than in March.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 0.7% in 2015, which is unchanged from last month’s forecast. For 2016, panelists see private consumption rising 1.1%.


Author:, Economist

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Austria Consumer Confidence April 2015

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


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