Economic Assessments Show Little Momentum

The results of the WIFO-Konjunkturtest (business cycle survey) show a continuation of the sideways movement in overall economic assessments in September. The WIFO Business Climate Index stood at –2.5 points (seasonally adjusted), the same value as in August. Assessments of the current situation deteriorated slightly, while expectations improved slightly. Differences across sectors remain: the industrial economy stayed subdued, with slight declines in the construction industry, while the indices for services and retail improved slightly.