Austria: Consumer confidence inches up further in November
December 4, 2017
The consumer confidence index produced by Fessel-GfK came in at 10 points in November, up from the prior month’s 9 points. The indicator is now further north of the crucial 0-point threshold, which indicates more optimism than pessimism among Austrian consumers. The index was the highest since March 2011.
In November, consumers were more optimistic about their present and future financial situations, as well as about the country’s economy in its current state and the economic outlook over the next 12 months. Meanwhile, respondents were less optimistic on consumer price developments, but more upbeat about future labor market developments. Consequently, they indicated that they expected to make more major purchases in the next 12 months.
Author: Jan Lammersen, Economist