{"id":430080,"date":"2025-08-26T11:36:56","date_gmt":"2025-08-26T09:36:56","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/430080\/"},"modified":"2025-08-26T11:36:57","modified_gmt":"2025-08-26T09:36:57","slug":"economic-assessments-begin-to-stabilise-at-the-start-of-summer","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/430080\/","title":{"rendered":"Economic Assessments Begin to Stabilise at the Start of Summer"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-430080","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"Results of the WIFO-Konjunkturtest Quarterly Survey of July 2025","text":"In July, the economic assessments of the companies surveyed stabilised. Economic sentiment brightened in all sectors, but remained predominantly sceptical in the manufacturing sector. Business uncertainty declined compared to the previous quarter, but remained elevated in manufacturing and construction, while capacity utilisation in these sectors improved slightly. Nevertheless, \"insufficient demand\" remained the most frequently cited obstacle to business activity in all sectors of the economy.","onlinedate":"2025-08-26 09:36:58","lang":"German","publication_series":"","publication_date":"20250826","publication_date_year":"","publication_date_full":true,"publication_num_pages":"","keywords":"[]","jelcodes":"[\"E32\",\"E66\"]","related_publications":"[\"0e0b711b-f8e3-45c2-baff-0012b7bb3dff\",\"ca547278-6128-4117-8729-23f2f809784a\",\"d30499f5-77d9-40cb-ab8b-8c2aac8572a2\",\"b3415756-b4d7-4215-92d8-6617c240ab80\"]","pdf":430083,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"98","monthly_report_pages":"421-431","monthly_report_pages_sort":"421","issue":"8","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>Stabilisierung der Konjunktureinsch\u00e4tzungen zu Sommerbeginn: Ergebnisse der Quartalsbefragung des WIFO-Konjunkturtests vom Juli 2025<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>98<\\\/em>(8), 421-431.<\\\/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>Stabilisierung der Konjunktureinsch\u00e4tzungen zu Sommerbeginn: <span class=\\\"subtitle\\\">Ergebnisse der Quartalsbefragung des WIFO-Konjunkturtests vom Juli 2025<\\\/span><\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 2025 Aug 26;98(8):421-431.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{f1ed960755a648858dfe8b75e1faeac6,<\\\/div><div>  title    = \\\"Stabilisierung der Konjunktureinsch{\\\\\\\"a}tzungen zu Sommerbeginn: Ergebnisse der Quartalsbefragung des WIFO-Konjunkturtests vom Juli 2025\\\",<\\\/div><div>  abstract = \\\"Im Juli stabilisierten sich die Konjunktureinsch{\\\\\\\"a}tzungen der befragten Unternehmen. Die Konjunkturstimmung hellte sich in allen Sektoren auf, blieb aber in der Sachg{\\\\\\\"u}tererzeugung {\\\\\\\"u}berwiegend skeptisch. Die unternehmerische Unsicherheit ging im Quartalsvergleich zur{\\\\\\\"u}ck, war jedoch in der Sachg{\\\\\\\"u}tererzeugung und der Bauwirtschaft weiterhin erh{\\\\\\\"o}ht, w{\\\\\\\"a}hrend sich die Kapazit{\\\\\\\"a}tsauslastung in diesen Sektoren leicht verbesserte. Der {\\\"}Mangel an Nachfrage{\\\"} blieb dennoch in allen Wirtschaftsbereichen 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    = aug,<\\\/div><div>  day      = \\\"26\\\",<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"98\\\",<\\\/div><div>  pages    = \\\"421--431\\\",<\\\/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  - Stabilisierung der Konjunktureinsch\u00e4tzungen zu Sommerbeginn<\\\/p><p>T2  - Ergebnisse der Quartalsbefragung des WIFO-Konjunkturtests vom Juli 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\\\/8\\\/26<\\\/p><p>Y1  - 2025\\\/8\\\/26<\\\/p><p>N2  - Im Juli stabilisierten sich die Konjunktureinsch\u00e4tzungen der befragten Unternehmen. Die Konjunkturstimmung hellte sich in allen Sektoren auf, blieb aber in der Sachg\u00fctererzeugung \u00fcberwiegend skeptisch. Die unternehmerische Unsicherheit ging im Quartalsvergleich zur\u00fcck, war jedoch in der Sachg\u00fctererzeugung und der Bauwirtschaft weiterhin erh\u00f6ht, w\u00e4hrend sich die Kapazit\u00e4tsauslastung in diesen Sektoren leicht verbesserte. Der \\\"Mangel an Nachfrage\\\" blieb dennoch in allen Wirtschaftsbereichen das meistgenannte Hemmnis der Gesch\u00e4ftst\u00e4tigkeit.<\\\/p><p>AB  - Im Juli stabilisierten sich die Konjunktureinsch\u00e4tzungen der befragten Unternehmen. Die Konjunkturstimmung hellte sich in allen Sektoren auf, blieb aber in der Sachg\u00fctererzeugung \u00fcberwiegend skeptisch. Die unternehmerische Unsicherheit ging im Quartalsvergleich zur\u00fcck, war jedoch in der Sachg\u00fctererzeugung und der Bauwirtschaft weiterhin erh\u00f6ht, w\u00e4hrend sich die Kapazit\u00e4tsauslastung in diesen Sektoren leicht verbesserte. Der \\\"Mangel an Nachfrage\\\" blieb dennoch in allen Wirtschaftsbereichen 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  - 421<\\\/p><p>EP  - 431<\\\/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":"[\"Glocker Christian\"]","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 Assessments Begin to Stabilise at the Start of Summer - 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\/430080\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economic Assessments Begin to Stabilise at the Start of Summer\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/430080\/\" \/>\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=\"2025-08-26T09:36:57+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\\\/430080\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/430080\\\/\",\"name\":\"Economic Assessments Begin to Stabilise at the Start of Summer - 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