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.
 

Publications schedule

29.09.2021, 2 p.m.
28.10.2021, 2 p.m.
29.11.2021, 2 p.m.

The WIFO-Konjunkturampel (Economic Traffic Light) Remains "Green"

August 2021

Sentiment among Austrian companies remained at a high level in August despite declines. The WIFO Business Climate Index stood at 19.7 points (seasonally adjusted), about 2.2 points below the value of the previous month (22.0 points). Assessments of the situation and expectations showed slight declines as a result of the increase in the number of infections.
The WIFO economic traffic light remains "green" and thus confirms the economic upswing.
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Publication – 30.08.2021
Werner Hölzl, Michael Klien, Agnes Kügler

Upswing Loses Momentum, Indices Remain at High Level. Results of the WIFO-Konjunkturtest (Business Cycle Survey) of August 2021

WIFO Business Cycle Survey
Details

Economic Sentiment eases in the EU and the euro area, Employment Expectations further up

In August 2021, the Economic Sentiment Indicator (ESI) eased in both the EU and the euro area (-1.5 points). Coming down from an all-time high in July, the indicator remains at a high level of 116.5 points in the EU and 117.5 in the euro area. The Employment Expectations Indicator (EEI) increased further (+1.0 point to 112.6 in the EU and +1.2 points to 112.8 in the euro area), reaching its highest level since November 2018 in both areas.
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Business Impairments, Liquidity and State Aid in the Second COVID-19 Wave

Results of the Fifth Special Survey on the COVID-19 Crisis as Part of the WIFO-Konjunkturtest of February2021

According to the special survey, 72 percent of companies had faced restrictions on their business activities in the past three months. The most important restriction was the reduction of orders (42 percent). Companies in industries directly affected by countermeasures to fight the pandemic mentioned closures ordered by the authorities.
To the publication

Results of the WIFO-Konjunkturtest (Business Cycle Survey) of August 2021

Upswing Loses Momentum, Indices Remain at High Level

Sentiment among Austrian companies remained at a high level in August. The WIFO Business Climate Index stood at 19.7 points (seasonally adjusted), about 2.2 points below the value of the previous month (22.0 points). Assessments of the situation and expectations showed slight declines due to the increase in the number of infections and continuing supply bottlenecks. After the strong catch-up process of the past months, the upswing is likely to continue with weaker momentum in the coming months.

Further information can be found here.

The long index series of the WIFO-Konjunkturtest (business cycle survey) can be found here.
 

Credit Conditions of Austrian Companies

The credit questions of the WIFO-Konjunkturtest (business cycle survey) allow us to present the assessments and experiences of companies with regard to bank lending. The credit questions are asked quarterly in February, May, August and November.

Further information can be found here.

Links

WIFO Economic Data Service (PDF, XLSX)
ifo Business Climate Index
EU Business and Consumer Surveys
Europe-wide Business Cycle Indicators of the European Commission


The WIFO-Investitions- and Konjunkturtest is part of the "Joint Harmonised EU Programme of Business und Consumer Surveys".