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.
Author: Cecilia Simkievich, Economist