Austria Consumer Confidence January 2016

Austria

Austria: Consumer confidence inches down in January

January 29, 2016

The consumer confidence index elaborated by Fessel-GfK dropped slightly from December’s minus 14 points to minus 15 points in January. As a consequence, the index came in only slightly above November’s six-year low and remained entrenched below the 0-point threshold, which indicates that pessimists outnumber optimists.

January’s result mainly reflected that households were slightly more pessimistic about their saving capacity in the next year. Conversely, they were less pessimistic about the general economic situation, price developments and unemployment.

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 1.4%.


Author: Teresa Kersting, Economist

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Austria Consumer Confidence January 2016

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


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