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.
 

Publications schedule

28.02.2024, 2 p.m.
27.03.2024, 2 p.m.
29.04.2024, 2 p.m.

The WIFO-Konjunkturampel (Economic Traffic Light) Turns "Yellow" in January

The results of the January WIFO Business Survey show a weak trend in business assessments of the economy, most of which remained pessimistic as in the previous month. At –6.8 points (seasonally adjusted), the WIFO economic climate index was down 0.6 points on the previous month (–6.2 points). The overall economic situation assessments deteriorated slightly (–0.4 points) and remained below the zero line at –5.5 points. Economic expectations also fell slightly (–1.0 points) and remained in negative territory at –8.3 points. The WIFO economic traffic light shows "yellow" and continues to signal weak economic momentum.
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Publication – 30.01.2024
Werner Hölzl, Jürgen Bierbaumer, Michael Klien, Agnes Kügler

Weak Momentum at the Beginning of the Year. Results of the WIFO-Konjunkturtest (Business Cycle Survey) of January 2024

WIFO Business Cycle Survey
Details

Economic Sentiment Broadly Stable in the EU and the Euro Area, Employment Expectations Decline

In January 2024, the Economic Sentiment Indicator (ESI) stabilised in both the EU (+0.1 points to 95.9 points) and theeuro area (–0.1 points to 96.2 points). The Employment Expectations Indicator (EEI) declined in both areas (EU: –0.7 points to 102.1 points, euro area: –0.8 points to 102.5 points). Contrary to the ESI, the EEI continued to score above its longterm average.

European Commission – BCS press releases
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Results of the WIFO-Konjunkturtest (Business Cycle Survey) of January 2024

Weak Momentum at the Beginning of the Year

The results of the WIFO-Konjunkturtest (business cycle survey) continue to show a weak trend in business assessments of the economy in January. At –6.8 points (seasonally adjusted), the WIFO economic climate index was 0.6 points below the previous month's value (–6.2 points) and thus remains in pessimistic territory. Situation assessments deteriorated slightly compared to the previous month. Economic expectations also deteriorated slightly compared to the previous month and continue to signal a cautious economic outlook. The sceptical economic picture continues to be determined by the very weak industrial and construction sectors. Accordingly, business uncertainty – measured in terms of the ability to assess their own future business situation – remained above average in January.

Further information can be found here.

The long index series of the WIFO-Konjunkturtest (business cycle survey) can be found here.
 

Credit Conditions of Austrian Companies

The credit questions of the WIFO-Konjunkturtest (business cycle survey) allow us to present the assessments and experiences of companies with regard to bank lending. The credit questions are asked quarterly in February, May, August and November.

Further information can be found here.

Links

WIFO Economic Data Service (PDF, XLSX)
ifo Business Climate Index
EU Business and Consumer Surveys
Europe-wide Business Cycle Indicators of the European Commission


The WIFO-Konjunkturtest and the WIFO-Investitiosbefragung are part of the "Joint Harmonised EU Programme of Business und Consumer Surveys".