Austria Consumer Confidence October 2018

Austria

Austria: Consumer confidence inches down in October

October 31, 2018

Sentiment among consumers eased slightly in October, with the index dipping to 9 from 10 in September. Nonetheless, confidence remained easily above the crucial zero-point mark that separates optimism from pessimism.

The headline figure reflected significantly less optimism regarding the country’s economic situation in the year ahead and slightly more pessimism regarding households’ financial situation over the past 12 months. In addition, households’ willingness to make major purchases in the year ahead decreased, likely linked to consumers’ worse expectations concerning unemployment over the next twelve months.

Austria Private Consumption Forecast


FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.7% in 2019, which is unchanged from last month’s forecast. For 2020, panelists see private consumption rising 1.6%.


Author:, Economist

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Austria Consumer Confidence Chart


Austria Consumer Confidence October 2018

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


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