Economic Expectations Improve – Order Situation Remains Weak. Results of the WIFO-Konjunkturtest (Business Cycle Survey) June 2020

The mood of Austrian companies remains sceptical in June. Although the WIFO Economic Climate Index (seasonally adjusted) rose by 7.6 points, at –20.7 points it was in the range of the values achieved during the financial market and economic crisis of 2008-09. The COVID-19 crisis continues to keep the Austrian economy in its grip.