Austria: Consumer confidence picks up in October
October 31, 2016
The consumer confidence index produced by Fessel-GfK improved in October. The indicator inched up from September’s minus 11 to minus 9 in October, lifting it closer to the 0-point threshold that indicates that pessimists outnumber optimists. The index has been below zero since 2011.
October’s result mainly reflected households’ slightly improved expectations about labor market developments over the next 12 months.
Author: Christopher Mc Innes, Economist