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.
Author: Cecilia Simkievich, Economist