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: Jan Lammersen, Economist