Austria: Consumer confidence improves in September
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.