Austria: Consumer confidence weakens in August
Consumer confidence came in at minus 22.0 in August, down from July’s minus 21.0. Thus, the index remained below the 0-threshold separating optimism from pessimism among consumers.
In August, consumers’ views on price developments and the general economic situation for the next 12 months worsened compared to July. On a more positive note, they were more inclined to make major purchases now than they were one month ago. Household views on their future financial situation remained unchanged from the previous month. Finally, they were more prone to save now and less inclined to save in the next 12 months in August compared to July.