Austria Consumer Confidence

Austria

Austria: Consumer confidence hits an eight-month-high in March

March 30, 2015

The consumer confidence index elaborated by Fessel-GfK rose from February’s minus 12 points to minus 10 points in March, marking the highest print in eight months. Nevertheless, the index continues to hover below the 0-point threshold, which indicates that pessimists outnumber optimists.

March’s improvement mainly reflected consumers’ more optimistic assessments regarding both the current and prospective macroeconomic situation of the country. Households’ views regarding current and future major purchases also improved notably compared to the previous month. Conversely, inflation and unemployment expectations deteriorated compared to February.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 0.8% 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 March 2015

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


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