Austria Consumer Confidence December 2019

Austria

Austria: Consumer sentiment remains pessimistic in December

January 28, 2020

Austrian consumers remained firmly pessimistic in December, with the consumer confidence index stable at November’s minus 4.

December’s print reflected more upbeat views on households’ financial situation in the past and next 12 months being offset by a deterioration in sentiment regarding the general economic situation. Furthermore, households’ willingness to save in the year ahead decreased, which could be linked to the ECB’s ultra-loose monetary policy making saving less appealing.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.4% in 2020, which is unchanged from last month’s forecast. For 2021, panelists see private consumption rising 1.4% again.


Author:, Economist

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Austria Consumer Confidence Chart


Austria Consumer Confidence December 2019

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


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