WIFO-Konjunkturtest

The WIFO-Konjunkturtest (business cycle survey) is a monthly survey of Austrian companies on their economic situation and its development in the coming months. The results of the WIFO-Konjunkturtest help to reliably assess the economic development in Austria at an early stage. The WIFO-Konjunkturtest has been conducted since 1954 and has been part of the "Joint Harmonised EU Programme of Business and Consumer Surveys" since 1996.

Further information on the WIFO-Konjunkturtest can be found here.

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Konjunkturausblicke bleiben mehrheitlich skeptisch. Ergebnisse des WIFO-Konjunkturtests vom November 2022 (Majority of Economic Outlooks Remain Sceptical. Results of the WIFO-Konjunkturtest (Business Cycle Survey) of November 2022)
WIFO Business Cycle Survey, 2022, (11), 14 pages
Commissioned by: European Commission
Online since: 29.11.2022 14:00
Die Ergebnisse des WIFO-Konjunkturtests zeigen im November eine leichte Verbesserung der Konjunkturbeurteilungen. Der WIFO-Konjunkturklimaindex notierte mit 4,0 Punkten (saisonbereinigt) 1,1 Punkte über dem Wert des Vormonats (2,9 Punkte). Während die Lageindikatoren trotz kleiner Rückgänge weiterhin ein durchschnittliches Konjunkturumfeld zeichnen, signalisieren die unternehmerischen Erwartungen trotz Indexsteigerungen in vielen Branchen weiterhin mehrheitlich skeptische Konjunkturausblicke. Die unternehmerische Unsicherheit ist weiterhin hoch. Die Kreditnachfrage der Unternehmen blieb im November trotz Anstieg unterdurchschnittlich. Die Unternehmen schätzen die Bereitschaft der Banken zur Kreditvergabe deutlich restriktiver ein als in den vergangenen Jahren.
Research group:Macroeconomics and Public Finance – Industrial, Innovation and International Economics – Regional Economics and Spatial Analysis
Language:German

Majority of Economic Outlooks Remain Sceptical. Results of the WIFO-Konjunkturtest (Business Cycle Survey) of November 2022
The results of the WIFO-Konjunkturtest (business cycle survey) show a slight improvement in economic assessments in November. At 4.0 points (seasonally adjusted), the WIFO Business Climate Index was 1.1 points above the value of the previous month (2.9 points). While the situation indicators continue to show an average economic environment despite small declines, the majority of business expectations continue to signal a sceptical economic outlook despite index increases in many sectors. Business uncertainty remains high. Despite an increase, companies' credit demand remained below average in November. Companies assess the willingness of banks to lend much more restrictively than in previous years.