Austria Consumer Confidence January 2021

Austria

Austria: Consumer confidence falls in January

January 29, 2021

Consumer confidence fell to minus 13.0 in January from December's minus 12.0. As a result, the index moved further south of the neutral zero-threshold that separates pessimism from optimism among Austrian consumers.

The downtick came on the heels of worsening views on households’ financial situation in the past 12 months and the general economic situation in the year ahead. On the other hand, attitudes towards households’ financial situation in the next 12 months improved.

FocusEconomics Consensus Forecast panelists foresee private consumption growing 3.9% in 2021, which is down 1.0 percentage points from last month’s forecast. For 2022, panelists see private consumption rising 3.0%.


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Austria Consumer Confidence January 2021

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


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