The COVID-19 Pandemic Determines Business Confidence. Results of the WIFO-Konjunkturtest Quarterly Survey of October 2020

According to the WIFO-Konjunkturtest (business cycle survey) of October current economic assessments were still determined by the COVID-19 crisis. In the construction industry alone, the economic indices were already positive. Economic assessments have improved in all sectors. The WIFO-Konjunkturampel (economic traffic light) confirms this improvement and remains green. However, uncertainty is still at above-average levels in all sectors. Capacity utilisation rose in all sectors compared to July but remains at low level. Companies see the "lack of demand" as the most important obstacle to their activity.