Recovery of Economic Expectations is Taking Shape. Results of the WIFO-Konjunkturtest (Business Cycle Survey) July 2020

Despite a significant increase (+5.9 points), the WIFO Economic Climate Index in July remains at –15.0 points, a level last reached in the financial market and economic crisis of 2008-09. Austrian enterprises are still pessimistic in their assessments of the current economic situation, although the improvement in economic expectations is taking shape. Enterprises in the construction industry are more confident in their economic assessments than enterprises in manufacturing and service industries.