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Austria: Consumer sentiment deteriorates in April

Christian Fernsby |
Consumer confidence dropped to minus 3 in April from minus 1 in March as the Consumer Confidence Index moved further south of the neutral zero-point mark that separates optimism from pessimism.

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The drop in sentiment reflected less optimism regarding households’ financial situations in the next 12 months and a deterioration in consumers’ views on the general economic situation in the same period, which swung from optimism to pessimism.

On the other hand, views regarding households’ financial situation in the past 12 months and the labor market in the next 12 months improved.

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%.

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