Austria: Consumer confidence inches up in August
September 1, 2015
The consumer confidence index elaborated by Fessel-GfK inched up from July’s minus 12 points to minus 11 points in August. As a result, the index remains entrenched below the 0-point threshold, which indicates that pessimists outnumber optimists.
August’s result partly reflected consumers’ more optimistic assessments regarding both the current and future economic situation. In addition, consumers’ were more upbeat regarding employment prospects and the current financial situation.