WIFO-Konjunkturtest

The WIFO-Konjunkturtest (business cycle survey) is a monthly survey of Austrian companies on their economic situation and its development in the coming months. The results of the WIFO-Konjunkturtest help to reliably assess the economic development in Austria at an early stage. The WIFO-Konjunkturtest has been conducted since 1954 and has been part of the "Joint Harmonised EU Programme of Business and Consumer Surveys" since 1996.

Further information on the WIFO-Konjunkturtest can be found here.

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Konjunktureinschätzungen verschlechtern sich weiter. Ergebnisse des WIFO-Konjunkturtests vom Juli 2023 (Economic Assessments Deteriorate Further. Results of the WIFO-Konjunkturtest (Business Cycle Survey) of July 2023)
WIFO Business Cycle Survey, 2023, (7), 13 pages
Commissioned by: European Commission
Study by: Austrian Institute of Economic Research – Economic and Social Science Computing Center
Online since: 28.07.2023 14:00
Die Ergebnisse des WIFO-Konjunkturtests zeigen im Juli eine Fortsetzung der Abkühlung der unternehmerischen Konjunktureinschätzungen. Der WIFO-Konjunkturklimaindex notierte mit –5,1 Punkten (saisonbereinigt) 4,2 Punkte unter dem Wert des Vormonats (–0,8 Punkte). Die Lagebeurteilungen gingen über die Branchen hinweg – mit Ausnahme des Einzelhandels – zurück und lagen insbesondere in den energieintensiven Sachgüterbranchen tief im negativen Bereich. Auch die Konjunkturerwartungen trübten sich weiter ein und signalisieren über die Branchen hinweg skeptische Konjunkturausblicke. Dem Konjunkturverlauf entsprechend waren die Verkaufspreiserwartungen weiter rückläufig.
Keywords:KT_Aktuell
Research group:Macroeconomics and Public Finance – Industrial, Innovation and International Economics – Regional Economics and Spatial Analysis
Language:German

Economic Assessments Deteriorate Further. Results of the WIFO-Konjunkturtest (Business Cycle Survey) of July 2023
The results of the WIFO-Konjunkturtest (business cycle survey) in July show a continuation of the cooling down of business cycle assessments. The WIFO Business Climate Index stood at –5.1 points (seasonally adjusted), 4.2 points below the value of the previous month (–0.8 points). The situation assessments declined across the sectors – except for the retail trade – and were deep in negative territory, especially in the energy-intensive material goods sectors. Economic expectations also deteriorated further, signalling a sceptical economic outlook across sectors. In line with the economic trend, sales price expectations continued to decline.