Economic Assessments Stabilise

The results of the WIFO-Konjunkturtest (business cycle survey) show a stabilisation for January. At 12.9 points (seasonally adjusted), the WIFO Business Climate Index was 1.3 points above the value of the previous month (11.7 points). This effect is largely due to the withdrawal of the drastic restrictive measures in mid-December. Index improvements were mainly recorded in sectors that were particularly affected by the restrictive measures in the previous month. Due to the ongoing restrictive measures, supply bottlenecks and uncertainty about the impact of the Omicron wave, companies are cautious and expect a somewhat weaker economic momentum.