Die Auftragslage der Unternehmen hat sich in den Sommermonaten gebessert. Dank steigender Auslandsbestellungen festigten sich
Export und Industrieproduktion. Die Erholung stützt sich jedoch in erster Linie auf die Nachfrage aus Übersee und Osteuropa.
Eine nachhaltige Verbesserung setzt eine Konjunkturbelebung in Westeuropa voraus, die derzeit noch nicht in Sicht ist.
Keywords:Unternehmen beurteilen Konjunkturlage etwas günstiger; Business Survey Outlook Slightly More Optimistic
Forschungsbereich:Makroökonomie und öffentliche Finanzen
Sprache:Deutsch
Business Survey Outlook Slightly More Optimistic
WIFO's business survey carried at the end of October yields a sligthly more sanguine outlook than in June. Improved business
confidence is partly based on higher orders from abroad, which have tended to stabilise exports and manufacturing output.
The recovery is mainly carried by increased demand from overseas and Eastern Europe, but a sustained improvement would have
to be based on an upswing in Western Europe, which is nowhere in sight yet. Another mainstay of the present economic development
are rising consumer expenditures which are financed by a marked reduction in the savings rate. The stabilisation of economic
activity in the fall has moderated the deterioration in the labour market. The unemployment rate rose more slowly than in
the first half of the year and surpassed last year's level by ½ percentage point. Inflationary pressures are easing only very
gradually. In October the rate of inflation was as high as 3.5 percent.