Austria: Consumer confidence remains weak in December
January 8, 2013
In December, the Fessel-GfK consumer confidence indicator was unchanged at November's minus 11 points. As a result, the index remains below the 0-point threshold, which indicates that pessimists outnumber optimists.
The December survey showed that, households were more pessimistic about future job prospects in the next 12 months, while they were somewhat less pessimistic about their current and their future financial situation. Finally, consumers' willingness to buy big-ticket items in the next 12 months remained unchanged compared to the previous month.
Author: Ricardo Aceves, Senior Economist