{"id":442005,"date":"2026-02-20T14:38:44","date_gmt":"2026-02-20T13:38:44","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/442005\/"},"modified":"2026-02-20T14:38:45","modified_gmt":"2026-02-20T13:38:45","slug":"hesitant-improvement-in-economic-assessments-at-the-start-of-the-year","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/442005\/","title":{"rendered":"Hesitant Improvement in Economic Assessments at the Start of the Year"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-442005","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"Results of the WIFO-Konjunkturtest Quarterly Survey of January 2026","text":"In the Austrian economy as a whole, economic sentiment improved slightly compared with the previous quarter, but remained subdued. In construction, economic assessments declined again, while in the manufacturing sector they remained predominantly sceptical despite an increase. Business uncertainty decreased compared with October, but remained high. Capacity utilisation improved in manufacturing and services, but declined in the construction industry. At the beginning of 2026, \"insufficient demand\" was still the most frequently cited obstacle to business activity in all sectors of the economy.","onlinedate":"2026-02-20 13:38:46","lang":"German","publication_series":"","publication_date":"20260220","publication_date_year":"","publication_date_full":true,"publication_num_pages":"","keywords":"[]","jelcodes":"[\"E32\",\"E66\"]","related_publications":"[\"2980b64a-7cf7-4a69-bf99-025de794d66f\",\"f9b72406-fd57-4088-9e3b-16d24755a18d\",\"3ac9b3d5-1cd0-4e0d-b38f-a444a920ca2f\",\"a6fbf164-eb8c-415d-9e1b-6ee28e9c14e6\"]","pdf":442008,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"99","monthly_report_pages":"61-70","monthly_report_pages_sort":"61","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\":\"
H\u00f6lzl, W.<\\\/span>, Bierbaumer, J.<\\\/span>, Klien, M.<\\\/span>, & K\u00fcgler, A.<\\\/span> (2026). Z\u00f6gerliche Verbesserung der Konjunktureinsch\u00e4tzungen zu Jahresbeginn: Ergebnisse der Quartalsbefragung des WIFO-Konjunkturtests vom J\u00e4nner 2026<\\\/span>. WIFO-Monatsberichte<\\\/em><\\\/span>, 99<\\\/em>(2), 61-70.<\\\/div>\",\"vancouver\":\"
H\u00f6lzl W<\\\/span>, Bierbaumer J<\\\/span>, Klien M<\\\/span>, K\u00fcgler A<\\\/span>. Z\u00f6gerliche Verbesserung der Konjunktureinsch\u00e4tzungen zu Jahresbeginn: Ergebnisse der Quartalsbefragung des WIFO-Konjunkturtests vom J\u00e4nner 2026<\\\/span><\\\/span><\\\/span>. WIFO-Monatsberichte<\\\/span>. 2026 Feb 20;99(2):61-70.<\\\/div>\",\"bibtex\":\"
@misc{3d7d6a8a0fad4b8981beba82dbaf389d,<\\\/div>
title = \\\"Z{\\\\\\\"o}gerliche Verbesserung der Konjunktureinsch{\\\\\\\"a}tzungen zu Jahresbeginn: Ergebnisse der Quartalsbefragung des WIFO-Konjunkturtests vom J{\\\\\\\"a}nner 2026\\\",<\\\/div>
abstract = \\\"In der Gesamtwirtschaft verbesserte sich die Konjunkturstimmung im Quartalsvergleich leicht, blieb aber verhalten. In der Bauwirtschaft tr{\\\\\\\"u}bten sich die Konjunktureinsch{\\\\\\\"a}tzungen wieder ein, in der Sachg{\\\\\\\"u}tererzeugung blieben sie trotz Anstiegs {\\\\\\\"u}berwiegend skeptisch. Die unternehmerische Unsicherheit verringerte sich gegen{\\\\\\\"u}ber Oktober, blieb aber erh{\\\\\\\"o}ht. Die Kapazit{\\\\\\\"a}tsauslastung verbesserte sich in der Sachg{\\\\\\\"u}tererzeugung und den Dienstleistungen und war in der Bauwirtschaft r{\\\\\\\"u}ckl{\\\\\\\"a}ufig. Der {\\\"}Mangel an Nachfrage{\\\"} war auch zu Jahresbeginn 2026 in allen Wirtschaftsbereichen das meistgenannte Hemmnis der Gesch{\\\\\\\"a}ftst{\\\\\\\"a}tigkeit.\\\",<\\\/div>
keywords = \\\"WIFO-Konjunkturtest, Quartalsdaten, Konjunktur\\\",<\\\/div>
author = \\\"Werner H{\\\\\\\"o}lzl and J{\\\\\\\"u}rgen Bierbaumer and Michael Klien and Agnes K{\\\\\\\"u}gler\\\",<\\\/div>
year = \\\"2026\\\",<\\\/div>
month = feb,<\\\/div>
day = \\\"20\\\",<\\\/div>
language = \\\"Deutsch\\\",<\\\/div>
volume = \\\"99\\\",<\\\/div>
pages = \\\"61--70\\\",<\\\/div>
journal = \\\"WIFO-Monatsberichte\\\",<\\\/div>

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

TY - GEN<\\\/p>

T1 - Z\u00f6gerliche Verbesserung der Konjunktureinsch\u00e4tzungen zu Jahresbeginn<\\\/p>

T2 - Ergebnisse der Quartalsbefragung des WIFO-Konjunkturtests vom J\u00e4nner 2026<\\\/p>

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

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

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

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

PY - 2026\\\/2\\\/20<\\\/p>

Y1 - 2026\\\/2\\\/20<\\\/p>

N2 - In der Gesamtwirtschaft verbesserte sich die Konjunkturstimmung im Quartalsvergleich leicht, blieb aber verhalten. In der Bauwirtschaft tr\u00fcbten sich die Konjunktureinsch\u00e4tzungen wieder ein, in der Sachg\u00fctererzeugung blieben sie trotz Anstiegs \u00fcberwiegend skeptisch. Die unternehmerische Unsicherheit verringerte sich gegen\u00fcber Oktober, blieb aber erh\u00f6ht. Die Kapazit\u00e4tsauslastung verbesserte sich in der Sachg\u00fctererzeugung und den Dienstleistungen und war in der Bauwirtschaft r\u00fcckl\u00e4ufig. Der \\\"Mangel an Nachfrage\\\" war auch zu Jahresbeginn 2026 in allen Wirtschaftsbereichen das meistgenannte Hemmnis der Gesch\u00e4ftst\u00e4tigkeit.<\\\/p>

AB - In der Gesamtwirtschaft verbesserte sich die Konjunkturstimmung im Quartalsvergleich leicht, blieb aber verhalten. In der Bauwirtschaft tr\u00fcbten sich die Konjunktureinsch\u00e4tzungen wieder ein, in der Sachg\u00fctererzeugung blieben sie trotz Anstiegs \u00fcberwiegend skeptisch. Die unternehmerische Unsicherheit verringerte sich gegen\u00fcber Oktober, blieb aber erh\u00f6ht. Die Kapazit\u00e4tsauslastung verbesserte sich in der Sachg\u00fctererzeugung und den Dienstleistungen und war in der Bauwirtschaft r\u00fcckl\u00e4ufig. Der \\\"Mangel an Nachfrage\\\" war auch zu Jahresbeginn 2026 in allen Wirtschaftsbereichen das meistgenannte Hemmnis der Gesch\u00e4ftst\u00e4tigkeit.<\\\/p>

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

KW - Quartalsdaten<\\\/p>

KW - Konjunktur<\\\/p>

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

VL - 99<\\\/p>

SP - 61<\\\/p>

EP - 70<\\\/p>

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

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

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