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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Werner Hölzl, Jürgen Bierbaumer, Michael Klien, Agnes Kügler
Konjunkturabschwung verstärkt sich. Ergebnisse des WIFO-Konjunkturtests vom August 2023 (Economic Downturn Intensifies. Results of the WIFO-Konjunkturtest (Business Cycle Survey) of August 2023)
WIFO Business Cycle Survey, 2023, (8), 14 pages
Commissioned by: European Commission
Study by: Austrian Institute of Economic Research – Economic and Social Science Computing Center
Online since: 30.08.2023 14:00
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Die Ergebnisse des WIFO-Konjunkturtests zeigen im August eine Fortsetzung des Rückgangs der unternehmerischen Konjunkturbeurteilungen. Der WIFO-Konjunkturklimaindex notierte mit –8,9 Punkten (saisonbereinigt) um 3,6 Punkte unter dem Wert des Vormonats (–5,2 Punkte). Die Lagebeurteilungen gingen über die Branchen hinweg zurück und notierten insbesondere in der Sachgütererzeugung tief im negativen Bereich. Auch die Konjunkturerwartungen verschlechterten sich weiter und signalisieren pessimistische Konjunkturausblicke. Die Kreditnachfrage der Unternehmen ging im August nicht weiter zurück, dennoch schätzen diese die Bereitschaft der Banken zur Kreditvergabe mehrheitlich als restriktiv ein.
Research group:Macroeconomics and Public Finance – Industrial, Innovation and International Economics – Regional Economics and Spatial Analysis
Language:German
Economic Downturn Intensifies. Results of the WIFO-Konjunkturtest (Business Cycle Survey) of August 2023
The results of the WIFO-Konjunkturtest (business cycle survey) show a continuation of the decline in business assessments of the economy in August. The WIFO Business Climate Index stood at –8.9 points (seasonally adjusted), 3.6 points below the previous month's value (–5.2 points). Assessments of the current situation declined across all sectors and were deeply in negative territory, especially in manufacturing. Economic expectations also deteriorated further, signalling a pessimistic economic outlook. Demand for credit among companies did not decline further in August, but the majority of them still assess banks' willingness to lend as restrictive.
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