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
Konjunkturentwicklung mit schwacher Dynamik. Ergebnisse des WIFO-Konjunkturtests vom November 2023 (Economic Development with Weak Momentum. Results of the WIFO-Konjunkturtest (Business Cycle Survey) of November 2023)
WIFO Business Cycle Survey, 2023, (11), 14 pages
Commissioned by: European Commission
Study by: Austrian Institute of Economic Research – Economic and Social Science Computing Center
Online since: 29.11.2023 14:00
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Die Ergebnisse des WIFO-Konjunkturtests zeigen im November weiterhin skeptische Konjunkturbeurteilungen der österreichischen Unternehmen. Der WIFO-Konjunkturklimaindex notierte mit –6,9 Punkten (saisonbereinigt) zwar um 0,8 Punkte über dem Wert des Vormonats (–7,7 Punkte), blieb aber im pessimistischen Bereich. Die Lagebeurteilungen blieben nahezu unverändert zum Vormonat und notierten insbesondere in der Sachgütererzeugung tief im negativen Bereich. Die Konjunkturerwartungen verbesserten sich geringfügig, signalisieren jedoch weiterhin skeptische Konjunkturausblicke. Die Kreditnachfrage der Unternehmen stieg im November leicht an. Dennoch schätzen die Unternehmen die Bereitschaft der Banken zur Kreditvergabe mehrheitlich als restriktiv ein.
Keywords:KT_Aktuell
Research group:Macroeconomics and Public Finance – Industrial, Innovation and International Economics – Regional Economics and Spatial Analysis
Language:German
Economic Development with Weak Momentum. Results of the WIFO-Konjunkturtest (Business Cycle Survey) of November 2023
The results of the WIFO-Konjunkturtest (business cycle survey) of November continue to show sceptical economic assessments by Austrian companies. At –6.9 points (seasonally adjusted), the WIFO Business Climate Index was up 0.8 points compared to the previous month (–7.7 points), but remained in pessimistic territory. Situation assessments remained almost unchanged compared to the previous month and were particularly negative in the manufacturing sector. Economic expectations improved slightly, but continue to signal a sceptical economic outlook. Companies' demand for credit rose slightly in November. Nevertheless, the majority of companies consider the banks' willingness to lend to be restrictive.
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