Economic Upturn Consolidates

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

Sentiment among Austrian companies continued to improve in June. The WIFO Business Climate Index stood at 22.6 points (seasonally adjusted) after 18.0 points in the previous month. This is the highest value since March 2018. Despite supply bottlenecks, the economic rebound is broadening. Assessments of the situation also improved in most sectors affected by restrictive measures. The economy continues to pick up speed.