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.