Austria Consumer Confidence November 2021

Austria

Austria: Consumer sentiment deteriorates in November

November 25, 2021

Consumer confidence dropped to minus 4.0 in November from minus 2.0 in October. Consequently, the index moved further south of the neutral zero-point threshold and continued to indicate that pessimism prevailed among Austrian consumers.

The downtick came on the back of more downbeat views on the financial situation of households in the past and the next 12 months, as well as greater pessimism regarding the general economic climate in the past and next year.

FocusEconomics Consensus Forecast panelists foresee private consumption growing 6.3% in 2022, which is unchanged from last month’s forecast. For 2023, panelists see private consumption rising 2.0%.


Author:, Economist

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Austria Consumer Confidence November 2021

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


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