Austria Consumer Confidence


Austria: Consumer confidence inches down in July

July 30, 2015

The consumer confidence index elaborated by Fessel-GfK inched down from June’s minus 11 points to minus 12 points in July. As a result, the index remains entrenched below the 0-point threshold, which indicates that pessimists outnumber optimists.

July’s result partly reflected consumers’ more pessimistic assessments regarding both the current and future economic situation. In addition, consumers’ were more pessimistic regarding employment prospects and the current financial situation.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 0.7% in 2015, which is unchanged from last month’s forecast. For 2016, panelists see private consumption rising 1.1%.

Author: Angela Bouzanis, Senior Economist

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Austria Consumer Confidence Chart

Austria Consumer Confidence July 2015

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

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