Economy is Picking up Speed
Results of the WIFO-Konjunkturtest (Business Cycle Survey) of May 2021
Sentiment among Austrian companies continued to improve in May. After an increase of 6.2 points, the WIFO Business Climate Index was at 18.0 points (seasonally adjusted). This is the highest value since October 2018. Only in those sectors that continued to be affected by COVID-19 restriction measures the situation assessments remained sceptical. However, economic expectations in all sectors signal optimism.