Economic Expectations Become More Confident

The results of the WIFO-Konjunkturtest (business cycle survey) for February show an improvement in sentiment among Austrian companies. The WIFO Business Climate Index stood at 15.8 points (seasonally adjusted), 2.9 points above the value of the previous month (13.0 points). Although the restriction measures still in place in February, supply bottlenecks and the rise in energy prices dampened the increase in current situation assessments, the companies are more optimistic about the coming months and expect an improvement in economic momentum.