Austria Consumer Confidence April 2022

Austria

Austria: Consumer sentiment remains deeply pessimistic in April

May 3, 2022

Consumer confidence came in at minus 21.0 in April, up from March’s minus 22.0. As a result, the index remained deeply entrenched below the neutral zero-point threshold, signaling prevalent pessimism among consumers.

The headline uptick came on the back of less downbeat views on households’ financial situations and general economic situation in the year ahead. On the other hand, views on households’ financial situations and the general economic climate in the past year deteriorated. Furthermore, consumers remain very pessimistic regarding price trends in the next 12 months.

FocusEconomics Consensus Forecast panelists foresee private consumption growing 4.4% in 2022, which is down 1.0 percentage point from last month’s forecast. For 2023, panelists see private consumption rising 2.8%.


Author:, Economist

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Austria Consumer Confidence April 2022

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


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