A city on a lake in Austria

Austria Consumer Confidence February 2023

Austria: Consumer sentiment remains deeply pessimistic in December

Consumer sentiment came in at minus 30.0 in December, matching November’s reading. As such, the index remained entrenched below the 0-point threshold, signaling stark pessimism among Austrian consumers.

Looking at the details of the release, consumers’ views regarding the general economic situation in both the past and coming 12 months improved slightly from November. This was offset by a further deterioration of consumers’ views regarding their financial situations in both the past year and the year ahead.

More positively, households’ views on their current financial situations improved marginally from November. Meanwhile, expectations of unemployment and price developments for the coming year were somewhat better. Households reported a slightly increased likelihood of saving at present and in the coming 12 months. They also reported more aversion towards large purchases during the next year compared with November.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest