Austria Consumer Confidence


Austria: Consumer confidence falls in September

September 29, 2015

The consumer confidence index elaborated by Fessel-GfK fell from August’s minus 11 points to minus 13 points in September. As a result, the index remains entrenched below the 0-point threshold, which indicates that pessimists outnumber optimists.

September’s result partly reflected consumers’ more pessimistic assessments regarding employment prospects and their ability to make large purchases over the next 12 months. In contrast, consumers’ were more optimistic regarding their financial situation over the next 12 months.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 0.4% in 2015, which is down 0.2 percentage points from last month’s forecast. For 2016, panelists see private consumption rising 1.2%.

Author: Angela Bouzanis, Senior Economist

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Austria Consumer Confidence Chart

Austria Consumer Confidence September 2015

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

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