Austria: Consumer confidence reaches multi-year high in January but households remain pessimistic
February 8, 2017
The consumer confidence index produced by Fessel-GfK inched up in January to minus 3 points, the highest number since March 2013. This was above December’s minus 4 points, but still below the 0-point threshold that indicates that pessimists outnumber optimists. The index has been below zero since 2011.
January’s result came on the back of a continued improvement in consumers’ assessment of their current and future financial situation. In line with this, consumers were likelier to make major purchases.
Author: Christopher Mc Innes, Economist