Austria: Consumer confidence remains unchanged in November

Consumer confidence in Austria was stable at 9 in November and remained handsomely above the crucial zero-point mark separating optimism from pessimism.

Although the headline figure remained unchanged, some changes occurred in the underlying components. Consumers were more optimistic about their financial situation in the past 12 and the next 12 months compared to October. Sentiment regarding the economy and unemployment in the year ahead also improved. On the other hand, views on the economy the past year and willingness to make major purchases became less rosy.

Austria Private Consumption Forecast

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.7% in 2019, which is unchanged from last month’s forecast. For 2020, panelists see private consumption rising 1.6%.