Business Expectations Less Pessimistic – Economic Assessments Take the Crisis Into Account. Results of the WIFO Business Cycle Survey May 2020

The mood among Austrian companies remains at crisis level after the historic slump of the previous month. Although the WIFO economic climate index (seasonally adjusted) rose by 4.4 points, it remained in the range of its historic lows at –27.8 points. The demand for credit from companies increased significantly over the past three months. The COVID-19 crisis is keeping the Austrian economy under its grasp.