Austria Consumer Confidence June 2016

Austria

Austria: Consumer confidence improves in June

June 30, 2016

The consumer confidence index elaborated by Fessel-GfK improved in June following an upward movement in May. The indicator increased from May’s minus 12 points to minus 9 points in June. Nonetheless, the index has stayed firmly entrenched below the 0-point threshold that indicates that pessimists outnumber optimists since 2011.

June’s result mainly reflected households’ more optimistic assessment regarding the current and future health of the economy. The survey also showed that consumers were less concerned about future unemployment and were more confident that they could increase their savings in the next 12 months. Conversely, their opinions on their own financial situation as well their assessment of their future financial situation deteriorated over the previous month and they were less upbeat about major purchases in the future.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.4% in 2016, which is unchanged from last month’s forecast. For 2017, panelists see private consumption rising 1.3%.


Author: Marlène Rump, Senior Data Analyst

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Austria Consumer Confidence June 2016 0

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


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