Austria Consumer Confidence January 2017


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.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.1% in 2017, which is unchanged from last month’s forecast. For 2018, panelists see private consumption rising 1.2%.

Author:, Economist

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Austria Consumer Confidence Chart

Austria Consumer Confidence January 2017

Note: Fessel-GfK Consumer Confidence Index. The 0-point threshold separates optimistic from pessimistic sentiment.
Source: Fessel-GfK.

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