Austria Consumer Confidence September 2020


Austria: Consumer confidence improves in September

October 1, 2020

Consumer confidence ticked up to reach minus 7 in September, from minus 10 in August, marking the highest reading since February. Despite the significant improvement, the index remains deep below the neutral zero-threshold which separates optimism from pessimism among consumers.

Driving the uptick were improvements in how households perceive their financial situation both in the past year and over the next twelve months. Moreover, expectations on the future economic situation became significantly less pessimistic.

FocusEconomics Consensus Forecast panelists foresee private consumption dropping 7.0% in 2020, which is down 0.3 percentage points from last month’s forecasts. For 2021, panelists see private consumption rising 5.0%, which is down 0.4 percentage points from the previous month’s projections.


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Austria Consumer Confidence Chart

Austria Consumer Confidence September 20 20

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

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