{"id":429687,"date":"2025-07-28T14:38:10","date_gmt":"2025-07-28T12:38:10","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/429687\/"},"modified":"2025-07-30T14:15:10","modified_gmt":"2025-07-30T12:15:10","slug":"economic-expectations-improve-situation-assessments-remain-subdued","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/429687\/","title":{"rendered":"Economic Expectations Improve, Situation Assessments Remain Subdued"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-429687","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"Results of the WIFO-Konjunkturtest (Business Cycle Survey) of July 2025","text":"The results of the WIFO-Konjunkturtest (business cycle survey) show a continuation of the overall economic stabilisation of business assessments in July. The WIFO Business Climate Index stood at \u20132.4 points (seasonally adjusted), 1.5 points above the June figure. Sentiment improved slightly in all sectors, particularly regarding the outlook for the coming months. Weak investment activity is weighing on sentiment in the capital goods sectors. The improvement in expectations in industry also signals that global uncertainties resulting from the USA's tariff policy have already diminished.","onlinedate":"2025-07-30 14:00:00","lang":"German","publication_series":"","publication_date":"20250730","publication_date_year":"","publication_date_full":true,"publication_num_pages":"13","keywords":"[\"KT_Aktuell\"]","jelcodes":"[]","related_publications":"[]","pdf":429814,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"7","journal":"WIFO-Konjunkturtest","publisher":"","invisible":false,"external":false,"embargo_date":"2025-07-30 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). Konjunkturerwartungen verbessern sich, Lageeinsch\u00e4tzungen bleiben ged\u00e4mpft: Ergebnisse des WIFO-Konjunkturtests vom Juli 2025<\\\/span>. WIFO-Konjunkturtest<\\\/em><\\\/span>, (7).<\\\/div>\",\"vancouver\":\"
H\u00f6lzl W<\\\/span>, Bierbaumer J<\\\/span>, Klien M<\\\/span>, K\u00fcgler A<\\\/span>. Konjunkturerwartungen verbessern sich, Lageeinsch\u00e4tzungen bleiben ged\u00e4mpft: Ergebnisse des WIFO-Konjunkturtests vom Juli 2025<\\\/span><\\\/span><\\\/span>. WIFO-Konjunkturtest<\\\/span>. 2025 Jul 30;(7).<\\\/div>\",\"bibtex\":\"
@misc{2741ca358c564e6b9c48129770928a4f,<\\\/div>
title = \\\"Konjunkturerwartungen verbessern sich, Lageeinsch{\\\\\\\"a}tzungen bleiben ged{\\\\\\\"a}mpft: Ergebnisse des WIFO-Konjunkturtests vom Juli 2025\\\",<\\\/div>
abstract = \\\"Die Ergebnisse des WIFO-Konjunkturtests zeigen im Juli eine Fortsetzung der gesamtwirtschaftlichen Stabilisierung der unternehmerischen Konjunktureinsch{\\\\\\\"a}tzungen. Der WIFO-Konjunkturklimaindex notierte mit \u20132,4 Punkten (saisonbereinigt) 1,5 Punkte {\\\\\\\"u}ber dem Wert vom Juni. Die Stimmungslage hat sich in allen Sektoren leicht verbessert, insbesondere die Ausblicke auf die kommenden Monate. Die schwache Investitionskonjunktur dr{\\\\\\\"u}ckt auf die Stimmung in den Investitionsg{\\\\\\\"u}terbranchen. Die Verbesserung der Erwartungen in der Industrie signalisiert auch, dass die globalen Unsicherheiten infolge der Zollpolitik der USA bereits abgenommen haben.\\\",<\\\/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 = jul,<\\\/div>
day = \\\"30\\\",<\\\/div>
language = \\\"Deutsch\\\",<\\\/div>
journal = \\\"WIFO-Konjunkturtest\\\",<\\\/div>

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

TY - GEN<\\\/p>

T1 - Konjunkturerwartungen verbessern sich, Lageeinsch\u00e4tzungen bleiben ged\u00e4mpft<\\\/p>

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

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

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

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

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

PY - 2025\\\/7\\\/30<\\\/p>

Y1 - 2025\\\/7\\\/30<\\\/p>

N2 - Die Ergebnisse des WIFO-Konjunkturtests zeigen im Juli eine Fortsetzung der gesamtwirtschaftlichen Stabilisierung der unternehmerischen Konjunktureinsch\u00e4tzungen. Der WIFO-Konjunkturklimaindex notierte mit \u20132,4 Punkten (saisonbereinigt) 1,5 Punkte \u00fcber dem Wert vom Juni. Die Stimmungslage hat sich in allen Sektoren leicht verbessert, insbesondere die Ausblicke auf die kommenden Monate. Die schwache Investitionskonjunktur dr\u00fcckt auf die Stimmung in den Investitionsg\u00fcterbranchen. Die Verbesserung der Erwartungen in der Industrie signalisiert auch, dass die globalen Unsicherheiten infolge der Zollpolitik der USA bereits abgenommen haben.<\\\/p>

AB - Die Ergebnisse des WIFO-Konjunkturtests zeigen im Juli eine Fortsetzung der gesamtwirtschaftlichen Stabilisierung der unternehmerischen Konjunktureinsch\u00e4tzungen. Der WIFO-Konjunkturklimaindex notierte mit \u20132,4 Punkten (saisonbereinigt) 1,5 Punkte \u00fcber dem Wert vom Juni. Die Stimmungslage hat sich in allen Sektoren leicht verbessert, insbesondere die Ausblicke auf die kommenden Monate. Die schwache Investitionskonjunktur dr\u00fcckt auf die Stimmung in den Investitionsg\u00fcterbranchen. Die Verbesserung der Erwartungen in der Industrie signalisiert auch, dass die globalen Unsicherheiten infolge der Zollpolitik der USA bereits abgenommen haben.<\\\/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":"[\"Schiman-Vukan Stefan\"]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"\nEconomic Expectations Improve, Situation Assessments Remain Subdued - 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\/429687\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economic Expectations Improve, Situation Assessments Remain Subdued\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/429687\/\" \/>\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=\"2025-07-30T12:15:10+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\\\/429687\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/429687\\\/\",\"name\":\"Economic Expectations Improve, Situation Assessments Remain Subdued - 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