Economic Sentiment Deteriorates
Results of the WIFO-Konjunkturtest Quarterly Survey of July 2023
The results of the WIFO-Konjunkturtest (business cycle survey) in July show a significant deterioration of economic assessments across all sectors. Economic assessments and expectations were particularly sceptical in manufacturing. Capacity utilisation declined in all sectors. In the total economy, as in previous quarters, the "shortage of labour force" was the most important obstacle to business activity, although "insufficient demand." Increased further in importance. Sales price expectations continue to show a downward trend.
Empfohlene Zitation
Hölzl, W., Bierbaumer, J., Klien, M., & Kügler, A. (2023). Konjunktureinschätzungen trüben sich ein: Ergebnisse der Quartalsbefragung des WIFO-Konjunkturtests vom Juli 2023. WIFO-Monatsberichte, 96(8), 515-525. https://www.wifo.ac.at/publication/pid/37925931.