Austria Consumer Confidence June 2019


Austria: Consumer sentiment sinks to over two-year low in June

June 28, 2019

Sentiment among Austrian consumers nosedived from a neutral reading in May to minus 4.0 in June, marking the lowest reading since March 2017 and ending the second quarter on a low.

The deterioration in consumer confidence was driven by less upbeat views on the financial situation of household in the past 12 months and the next 12 months, while their outlook on the general economic situation turned noticeably pessimistic from an optimistic reading in May. Consequently, consumers were more hesitant to purchase big ticket items, while their probability to save increased.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.7% in 2019, which is unchanged from last month’s forecast. For 2020, panelists see private consumption rising 1.6%.

Author:, Economist

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Austria Consumer Confidence Chart

Austria Consumer Confidence June 2019 0

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

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