Austria Consumer Confidence November 2020

Austria

Austria: Consumer confidence records worst reading since April in November

November 30, 2020

Consumer confidence came in at minus 16.0 in November, down from October's minus 12.0. November’s result marked the weakest sentiment since April. As a result, the index remained below the neutral zero-threshold and indicated pessimism among consumers.

The print reflected worsening views on the economy in the year ahead and the labor market; consequently, consumers plan to make fewer major purchases in the next 12 months.

FocusEconomics Consensus Forecast panelists foresee private consumption growing 3.9% in 2021, which is down 1.0 percentage points from last month’s forecast. For 2022, panelists see private consumption rising 3.0%.


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Austria Consumer Confidence November 20 20

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


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