The results of the December 2021 WIFO-Konjunkturtest (business cycle survey) show that Austrian companies expanded their innovation
spending in 2021. However, the still unfavourable economic environment has led to restraint in the introduction of new products.
The persistence of the COVID-19 crisis is likely to have hit the innovation activity of small and medium-sized enterprises
in particular.
JEL-Codes:O31, D22, E32
Keywords:Product innovations, business cycle fluctuations, WIFO-Konjunkturtest
Forschungsbereich:Industrie-, Innovations- und internationale Ökonomie
