{"id":426388,"date":"2025-05-23T14:37:45","date_gmt":"2025-05-23T12:37:45","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/426388\/"},"modified":"2025-06-25T16:37:50","modified_gmt":"2025-06-25T14:37:50","slug":"cautious-improvement-in-economic-assessments","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/426388\/","title":{"rendered":"Cautious Improvement in Economic Assessments"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-426388","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"Results of the WIFO-Konjunkturtest (Business Cycle Survey) of May 2025","text":"The results of the WIFO-Konjunkturtest (business cycle survey) show an improvement in business assessments of the economy in May. At \u20134.9 points (seasonally adjusted), the WIFO Business Climate Index was 2.2 points higher than in April. Sentiment has improved in all sectors, with expectations only deteriorating in the services sector. The industrial economy is showing signs of stabilisation, although the improvements in the index in May were mainly concentrated in the consumer goods sector. Corporate demand for credit fell slightly compared to the previous quarter. Assessments of banks' willingness to grant loans improved, but the majority of them are still considered to be restrictive.","onlinedate":"2025-05-27 14:00:00","lang":"German","publication_series":"","publication_date":"20250527","publication_date_year":"","publication_date_full":true,"publication_num_pages":"14","keywords":"[\"KT_Aktuell\"]","jelcodes":"[]","related_publications":"[]","pdf":427475,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"5","journal":"WIFO-Konjunkturtest","publisher":"","invisible":false,"external":false,"embargo_date":"2025-05-27 14:00:00","types":[44466],"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":[10646],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"
H\u00f6lzl, W.<\\\/span>, Bierbaumer, J.<\\\/span>, Klien, M.<\\\/span>, & K\u00fcgler, A.<\\\/span> (2025). Vorsichtige Verbesserung der Konjunktureinsch\u00e4tzungen: Ergebnisse des WIFO-Konjunkturtests vom Mai 2025<\\\/span>. WIFO-Konjunkturtest<\\\/em><\\\/span>, (5).<\\\/div>\",\"vancouver\":\"
H\u00f6lzl W<\\\/span>, Bierbaumer J<\\\/span>, Klien M<\\\/span>, K\u00fcgler A<\\\/span>. Vorsichtige Verbesserung der Konjunktureinsch\u00e4tzungen: Ergebnisse des WIFO-Konjunkturtests vom Mai 2025<\\\/span><\\\/span><\\\/span>. WIFO-Konjunkturtest<\\\/span>. 2025 May 27;(5).<\\\/div>\",\"bibtex\":\"
@misc{5ead70415f0f4361b4c796858f0ff1cd,<\\\/div>
title = \\\"Vorsichtige Verbesserung der Konjunktureinsch{\\\\\\\"a}tzungen: Ergebnisse des WIFO-Konjunkturtests vom Mai 2025\\\",<\\\/div>
abstract = \\\"Die Ergebnisse des WIFO-Konjunkturtests zeigen im Mai eine Verbesserung der unternehmerischen Konjunktureinsch{\\\\\\\"a}tzungen. Der WIFO-Konjunkturklimaindex notierte mit \u20134,9 Punkten (saisonbereinigt) 2,2 Punkte {\\\\\\\"u}ber dem Wert vom April. Die Stimmungslage hat sich in allen Branchen verbessert, nur in den Dienstleistungen haben sich die Erwartungen eingetr{\\\\\\\"u}bt. Die Industriekonjunktur zeigt Stabilisierungstendenzen, allerdings konzentrierten sich die Indexverbesserungen im Mai vor allem im Konsumg{\\\\\\\"u}terbereich. Die Kreditnachfrage der Unternehmen ging im Vergleich zum Vorquartal leicht zur{\\\\\\\"u}ck. Die Einsch{\\\\\\\"a}tzungen der Bereitschaft der Banken zur Kreditvergabe verbesserte sich, wird aber weiterhin mehrheitlich als restriktiv eingesch{\\\\\\\"a}tzt.\\\",<\\\/div>
keywords = \\\"KT\\\\_Aktuell, KT\\\\_Aktuell\\\",<\\\/div>
author = \\\"Werner H{\\\\\\\"o}lzl and J{\\\\\\\"u}rgen Bierbaumer and Michael Klien and Agnes K{\\\\\\\"u}gler\\\",<\\\/div>
year = \\\"2025\\\",<\\\/div>
month = may,<\\\/div>
day = \\\"27\\\",<\\\/div>
language = \\\"Deutsch\\\",<\\\/div>
journal = \\\"WIFO-Konjunkturtest\\\",<\\\/div>

}<\\\/p><\\\/div>\",\"ris\":\"

TY - GEN<\\\/p>

T1 - Vorsichtige Verbesserung der Konjunktureinsch\u00e4tzungen<\\\/p>

T2 - Ergebnisse des WIFO-Konjunkturtests vom Mai 2025<\\\/p>

AU - H\u00f6lzl, Werner<\\\/p>

AU - Bierbaumer, J\u00fcrgen<\\\/p>

AU - Klien, Michael<\\\/p>

AU - K\u00fcgler, Agnes<\\\/p>

PY - 2025\\\/5\\\/27<\\\/p>

Y1 - 2025\\\/5\\\/27<\\\/p>

N2 - Die Ergebnisse des WIFO-Konjunkturtests zeigen im Mai eine Verbesserung der unternehmerischen Konjunktureinsch\u00e4tzungen. Der WIFO-Konjunkturklimaindex notierte mit \u20134,9 Punkten (saisonbereinigt) 2,2 Punkte \u00fcber dem Wert vom April. Die Stimmungslage hat sich in allen Branchen verbessert, nur in den Dienstleistungen haben sich die Erwartungen eingetr\u00fcbt. Die Industriekonjunktur zeigt Stabilisierungstendenzen, allerdings konzentrierten sich die Indexverbesserungen im Mai vor allem im Konsumg\u00fcterbereich. Die Kreditnachfrage der Unternehmen ging im Vergleich zum Vorquartal leicht zur\u00fcck. Die Einsch\u00e4tzungen der Bereitschaft der Banken zur Kreditvergabe verbesserte sich, wird aber weiterhin mehrheitlich als restriktiv eingesch\u00e4tzt.<\\\/p>

AB - Die Ergebnisse des WIFO-Konjunkturtests zeigen im Mai eine Verbesserung der unternehmerischen Konjunktureinsch\u00e4tzungen. Der WIFO-Konjunkturklimaindex notierte mit \u20134,9 Punkten (saisonbereinigt) 2,2 Punkte \u00fcber dem Wert vom April. Die Stimmungslage hat sich in allen Branchen verbessert, nur in den Dienstleistungen haben sich die Erwartungen eingetr\u00fcbt. Die Industriekonjunktur zeigt Stabilisierungstendenzen, allerdings konzentrierten sich die Indexverbesserungen im Mai vor allem im Konsumg\u00fcterbereich. Die Kreditnachfrage der Unternehmen ging im Vergleich zum Vorquartal leicht zur\u00fcck. Die Einsch\u00e4tzungen der Bereitschaft der Banken zur Kreditvergabe verbesserte sich, wird aber weiterhin mehrheitlich als restriktiv eingesch\u00e4tzt.<\\\/p>

KW - KT_Aktuell<\\\/p>

KW - KT_Aktuell<\\\/p>

M3 - WIFO-Schriftenreihen<\\\/p>

JO - WIFO-Konjunkturtest<\\\/p>

JF - WIFO-Konjunkturtest<\\\/p>

ER - <\\\/p><\\\/div>\"}","scientific_assistance":"[\"Agnezy Birgit\"]","scientific_review":"[\"Glocker Christian\"]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"\nCautious Improvement in Economic Assessments - 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\/426388\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cautious Improvement in Economic Assessments\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/426388\/\" \/>\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=\"2025-06-25T14:37:50+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\\\/426388\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/426388\\\/\",\"name\":\"Cautious Improvement in Economic Assessments - 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