Austria: Consumer confidence inches up in May
June 6, 2016
The consumer confidence index elaborated by Fessel-GfK improved in May after a tumble in April. The indicator increased from April’s minus 14 points to minus 12 points in May. Nonetheless, the index has stayed firmly entrenched below the 0-point threshold that indicates that pessimists outnumber optimists since 2011.
May’s result mainly reflected households’ more optimistic assessment regarding their future financial situations as well as improved expectations for the economy. Conversely, their opinion on their current financial situations as well as on the country’s present economic situation deteriorated over the previous month. May’s survey also showed that consumers were more optimistic regarding current and future major purchases and less concerned about future unemployment.