Austria: Consumer confidence improves in April
April 26, 2012
In April, the consumer confidence indicator published by the Fessel-GfK Institute rose to minus 5 points from minus 8 points in March, which represents the highest level since August 2011. Despite the improvement, the index sits below the 0-point threshold, which indicates that pessimists outnumber optimists, for the eighth consecutive month. The April survey showed that consumers were less pessimistic about both their current financial situation and their future financial prospects for the next 12 months. Moreover, respondents also signalled a better assessment regarding the current economic situation and economic prospects in the year ahead. Finally, consumers showed more willingness to embark on future major purchases.
Author: Ricardo Aceves, Senior Economist