{"id":422528,"date":"2025-03-05T14:37:31","date_gmt":"2025-03-05T13:37:31","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/422528\/"},"modified":"2025-03-05T14:54:37","modified_gmt":"2025-03-05T13:54:37","slug":"economic-expectations-remain-subdued-at-the-beginning-of-the-year","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/422528\/","title":{"rendered":"Economic Expectations Remain Subdued at the Beginning of the Year"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-422528","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"Results of the WIFO-Konjunkturtest Quarterly Survey of January 2025","text":"Despite further slight improvements, sceptical economic assessments continued to dominate in January. Situation assessments improved in the services and retail sectors, while expectations only improved in the retail sector, albeit noticeably. Manufacturing companies are still very pessimistic. Uncertainty rose slightly in most sectors compared to the previous quarter. \"Lack of demand\" remained the most frequently cited obstacle to business activity.","onlinedate":"2025-03-05 13:37:33","lang":"German","publication_series":"","publication_date":"20250305","publication_date_year":"","publication_date_full":true,"publication_num_pages":"","keywords":"[]","jelcodes":"[\"E32\",\"E66\"]","related_publications":"[\"62fd0de2-a0e3-48a9-9787-1219393e89bc\",\"297427fe-5704-43a4-b973-43e8835f13eb\",\"2ed1c618-a759-4b68-a79f-6ebfd5ab00bf\",\"5bbd223f-fc1e-4553-9051-f36f10b7266c\",\"6c761b73-28dc-42df-b40d-ca34b8ccc1d1\"]","pdf":422558,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"98","monthly_report_pages":"69-79","monthly_report_pages_sort":"69","issue":"2","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3491,3500,3481],"collaboration":"","persons":[3607,3537,3731,3488],"persons_data":"[{\"personId\":3607,\"personName\":\"Werner H\u00f6lzl\",\"organisationNames\":[]},{\"personId\":3537,\"personName\":\"J\u00fcrgen Bierbaumer\",\"organisationNames\":[]},{\"personId\":3731,\"personName\":\"Michael Klien\",\"organisationNames\":[]},{\"personId\":3488,\"personName\":\"Agnes K\u00fcgler\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>H\u00f6lzl, W.<\\\/span><span>, Bierbaumer, J.<\\\/span><span>, Klien, M.<\\\/span><span>, &amp; K\u00fcgler, A.<\\\/span> (2025). <span>Konjunkturerwartungen auch zu Jahresbeginn ged\u00e4mpft: Ergebnisse der Quartalsbefragung des WIFO-Konjunkturtests vom J\u00e4nner 2025<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>98<\\\/em>(2), 69-79.<\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>H\u00f6lzl W<\\\/span><span>, Bierbaumer J<\\\/span><span>, Klien M<\\\/span><span>, K\u00fcgler A<\\\/span>. <span class=\\\"title\\\"><span>Konjunkturerwartungen auch zu Jahresbeginn ged\u00e4mpft: <span class=\\\"subtitle\\\">Ergebnisse der Quartalsbefragung des WIFO-Konjunkturtests vom J\u00e4nner 2025<\\\/span><\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 2025 Mar 5;98(2):69-79.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{45d820e14c204bf3a065d23fc2f6e67a,<\\\/div><div>  title    = \\\"Konjunkturerwartungen auch zu Jahresbeginn ged{\\\\\\\"a}mpft: Ergebnisse der Quartalsbefragung des WIFO-Konjunkturtests vom J{\\\\\\\"a}nner 2025\\\",<\\\/div><div>  abstract = \\\"Im J{\\\\\\\"a}nner {\\\\\\\"u}berwogen trotz erneuter leichter Verbesserungen in den Indizes weiter die skeptischen Konjunktureinsch{\\\\\\\"a}tzungen. Die Lagebeurteilungen verbesserten sich in den Dienstleistungen und im Einzelhandel, die Erwartungen lediglich im Einzelhandel, wenngleich sp{\\\\\\\"u}rbar. Sachg{\\\\\\\"u}tererzeuger sind nach wie vor sehr skeptisch gestimmt. Im Quartalsvergleich stieg die Unsicherheit in den meisten Sektoren leicht an. Der {\\\"}Mangel an Nachfrage{\\\"} blieb das meistgenannte Hemmnis der Gesch{\\\\\\\"a}ftst{\\\\\\\"a}tigkeit.\\\",<\\\/div><div>  keywords = \\\"WIFO-Konjunkturtest, Quartalsdaten, Konjunktur\\\",<\\\/div><div>  author   = \\\"Werner H{\\\\\\\"o}lzl and J{\\\\\\\"u}rgen Bierbaumer and Michael Klien and Agnes K{\\\\\\\"u}gler\\\",<\\\/div><div>  year     = \\\"2025\\\",<\\\/div><div>  month    = mar,<\\\/div><div>  day      = \\\"5\\\",<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"98\\\",<\\\/div><div>  pages    = \\\"69--79\\\",<\\\/div><div>  journal  = \\\"WIFO-Monatsberichte\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Konjunkturerwartungen auch zu Jahresbeginn ged\u00e4mpft<\\\/p><p>T2  - Ergebnisse der Quartalsbefragung des WIFO-Konjunkturtests vom J\u00e4nner 2025<\\\/p><p>AU  - H\u00f6lzl, Werner<\\\/p><p>AU  - Bierbaumer, J\u00fcrgen<\\\/p><p>AU  - Klien, Michael<\\\/p><p>AU  - K\u00fcgler, Agnes<\\\/p><p>PY  - 2025\\\/3\\\/5<\\\/p><p>Y1  - 2025\\\/3\\\/5<\\\/p><p>N2  - Im J\u00e4nner \u00fcberwogen trotz erneuter leichter Verbesserungen in den Indizes weiter die skeptischen Konjunktureinsch\u00e4tzungen. Die Lagebeurteilungen verbesserten sich in den Dienstleistungen und im Einzelhandel, die Erwartungen lediglich im Einzelhandel, wenngleich sp\u00fcrbar. Sachg\u00fctererzeuger sind nach wie vor sehr skeptisch gestimmt. Im Quartalsvergleich stieg die Unsicherheit in den meisten Sektoren leicht an. Der \\\"Mangel an Nachfrage\\\" blieb das meistgenannte Hemmnis der Gesch\u00e4ftst\u00e4tigkeit.<\\\/p><p>AB  - Im J\u00e4nner \u00fcberwogen trotz erneuter leichter Verbesserungen in den Indizes weiter die skeptischen Konjunktureinsch\u00e4tzungen. Die Lagebeurteilungen verbesserten sich in den Dienstleistungen und im Einzelhandel, die Erwartungen lediglich im Einzelhandel, wenngleich sp\u00fcrbar. Sachg\u00fctererzeuger sind nach wie vor sehr skeptisch gestimmt. Im Quartalsvergleich stieg die Unsicherheit in den meisten Sektoren leicht an. Der \\\"Mangel an Nachfrage\\\" blieb das meistgenannte Hemmnis der Gesch\u00e4ftst\u00e4tigkeit.<\\\/p><p>KW  - WIFO-Konjunkturtest<\\\/p><p>KW  - Quartalsdaten<\\\/p><p>KW  - Konjunktur<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 98<\\\/p><p>SP  - 69<\\\/p><p>EP  - 79<\\\/p><p>JO  - WIFO-Monatsberichte<\\\/p><p>JF  - WIFO-Monatsberichte<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[\"Agnezy Birgit\",\"Bergsmann Tobias\",\"Charos Alexandros\",\"Strauss-Kollin Anna\"]","scientific_review":"[\"Scheiblecker Marcus\"]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economic Expectations Remain Subdued at the Beginning of the Year - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/422528\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economic Expectations Remain Subdued at the Beginning of the Year\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/422528\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-05T13:54:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/422528\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/422528\\\/\",\"name\":\"Economic Expectations Remain Subdued at the Beginning of the Year - 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