Majority of Economic Outlooks Remain Sceptical

The results of the WIFO-Konjunkturtest (business cycle survey) show a slight improvement in economic assessments in November. At 4.0 points (seasonally adjusted), the WIFO Business Climate Index was 1.1 points above the value of the previous month (2.9 points). While the situation indicators continue to show an average economic environment despite small declines, the majority of business expectations continue to signal a sceptical economic outlook despite index increases in many sectors. Business uncertainty remains high. Despite an increase, companies' credit demand remained below average in November. Companies assess the willingness of banks to lend much more restrictively than in previous years.