{"id":439463,"date":"2026-01-27T15:38:12","date_gmt":"2026-01-27T14:38:12","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/439463\/"},"modified":"2026-01-29T14:53:39","modified_gmt":"2026-01-29T13:53:39","slug":"cautious-economic-sentiment-at-the-start-of-the-year","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/439463\/","title":{"rendered":"Cautious Economic Sentiment at the Start of the Year"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-439463","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"Results of the WIFO-Konjunkturtest (Business Cycle Survey) of January 2026","text":"The results of the WIFO-Konjunkturtest (business cycle survey) show a slight decline in business sentiment in January. The WIFO Business Climate Index stood at \u20130.4 points (seasonally adjusted), 0.9 points below the December figure. Overall, both assessments of the current situation and economic expectations declined slightly. However, there are slight differences across sectors. The downturn is mainly due to the deterioration in economic sentiment in the service sector and industry. Despite a slight improvement in assessments of the current situation, economic sentiment in the construction industry remains subdued, while it improved in the retail sector.","onlinedate":"2026-01-29 14:00:00","lang":"German","publication_series":"","publication_date":"20260129","publication_date_year":"","publication_date_full":true,"publication_num_pages":"13","keywords":"[\"KT_Aktuell\"]","jelcodes":"[]","related_publications":"[]","pdf":439660,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"1","journal":"WIFO-Konjunkturtest","publisher":"","invisible":false,"external":false,"embargo_date":"2026-01-29 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":"","scientific_assistance":"[\"Agnezy Birgit\"]","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 v27.3 (Yoast SEO v27.3) - 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