{"id":451179,"date":"2026-07-28T12:37:02","date_gmt":"2026-07-28T10:37:02","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/451179\/"},"modified":"2026-07-30T14:15:07","modified_gmt":"2026-07-30T12:15:07","slug":"slight-improvement-in-economic-expectations-amid-persistent-risks","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/451179\/","title":{"rendered":"Slight Improvement in Economic Expectations Amid Persistent Risks"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-451179","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"Results of the WIFO-Konjunkturtest (Business Cycle Survey) of July 2026","text":"The results of the WIFO-Konjunkturtest (business cycle survey) show a slight improvement in businesses' economic assessments in July. However, sentiment remains subdued due to price effects and uncertainties surrounding the war in Iran. The WIFO Business Climate Index stood at \u20133.8 points (seasonally adjusted), 1.3 points above the June figure. Assessments of the current situation rose slightly. Economic expectations improved but remained at a subdued level. In the manufacturing and services sectors, the indices remained largely sceptical. In the retail sector, the indices rose more sharply, whilst in the construction sector, assessments of the current situation improved against a backdrop of falling construction price expectations.","onlinedate":"2026-07-30 14:00:00","lang":"German","publication_series":"","publication_date":"20260730","publication_date_year":"","publication_date_full":true,"publication_num_pages":"13","keywords":"[\"KT_Aktuell\"]","jelcodes":"[]","related_publications":"[]","pdf":451546,"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":"2026-07-30 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":[10704],"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). Leichte Aufhellung der Konjunkturerwartungen bei anhaltenden Risiken: Ergebnisse des WIFO-Konjunkturtests vom Juli 2026<\\\/span>. WIFO-Konjunkturtest<\\\/em><\\\/span>, (7).<\\\/div>\",\"vancouver\":\"
H\u00f6lzl W<\\\/span>, Bierbaumer J<\\\/span>, Klien M<\\\/span>, K\u00fcgler A<\\\/span>. Leichte Aufhellung der Konjunkturerwartungen bei anhaltenden Risiken: Ergebnisse des WIFO-Konjunkturtests vom Juli 2026<\\\/span><\\\/span><\\\/span>. WIFO-Konjunkturtest<\\\/span>. 2026 Jul 30;(7).<\\\/div>\",\"bibtex\":\"
@misc{31ea5f0cd9c745aeaa6fc7c2e45151f1,<\\\/div>
title = \\\"Leichte Aufhellung der Konjunkturerwartungen bei anhaltenden Risiken: Ergebnisse des WIFO-Konjunkturtests vom Juli 2026\\\",<\\\/div>
abstract = \\\"Die Ergebnisse des WIFO-Konjunkturtests zeigen im Juli eine leichte Verbesserung der unternehmerischen Konjunktureinsch{\\\\\\\"a}tzungen. Die Stimmung bleibt aber aufgrund der Preiseffekte und Unsicherheiten des Iran-Krieges ged{\\\\\\\"a}mpft. Der WIFO-Konjunkturklimaindex notierte mit \u20133,8 Punkten (saisonbereinigt) 1,3 Punkte {\\\\\\\"u}ber dem Wert vom Juni. Die Lageeinsch{\\\\\\\"a}tzungen stiegen leicht an. Die Konjunkturerwartungen verbesserten sich, blieben aber auf verhaltenem Niveau. In der Sachg{\\\\\\\"u}tererzeugung und in den Dienstleistungen blieben die Indizes mehrheitlich skeptisch. Im Einzelhandel stiegen die Indizes st{\\\\\\\"a}rker an und in der Bauwirtschaft verbesserten sich die Lagebeurteilungen bei r{\\\\\\\"u}ckl{\\\\\\\"a}ufigen Baupreiserwartungen.\\\",<\\\/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 = \\\"2026\\\",<\\\/div>
month = jul,<\\\/div>
day = \\\"30\\\",<\\\/div>
language = \\\"Deutsch\\\",<\\\/div>
journal = \\\"WIFO-Konjunkturtest\\\",<\\\/div>

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

TY - GEN<\\\/p>

T1 - Leichte Aufhellung der Konjunkturerwartungen bei anhaltenden Risiken<\\\/p>

T2 - Ergebnisse des WIFO-Konjunkturtests vom Juli 2026<\\\/p>

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

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

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

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

PY - 2026\\\/7\\\/30<\\\/p>

Y1 - 2026\\\/7\\\/30<\\\/p>

N2 - Die Ergebnisse des WIFO-Konjunkturtests zeigen im Juli eine leichte Verbesserung der unternehmerischen Konjunktureinsch\u00e4tzungen. Die Stimmung bleibt aber aufgrund der Preiseffekte und Unsicherheiten des Iran-Krieges ged\u00e4mpft. Der WIFO-Konjunkturklimaindex notierte mit \u20133,8 Punkten (saisonbereinigt) 1,3 Punkte \u00fcber dem Wert vom Juni. Die Lageeinsch\u00e4tzungen stiegen leicht an. Die Konjunkturerwartungen verbesserten sich, blieben aber auf verhaltenem Niveau. In der Sachg\u00fctererzeugung und in den Dienstleistungen blieben die Indizes mehrheitlich skeptisch. Im Einzelhandel stiegen die Indizes st\u00e4rker an und in der Bauwirtschaft verbesserten sich die Lagebeurteilungen bei r\u00fcckl\u00e4ufigen Baupreiserwartungen.<\\\/p>

AB - Die Ergebnisse des WIFO-Konjunkturtests zeigen im Juli eine leichte Verbesserung der unternehmerischen Konjunktureinsch\u00e4tzungen. Die Stimmung bleibt aber aufgrund der Preiseffekte und Unsicherheiten des Iran-Krieges ged\u00e4mpft. Der WIFO-Konjunkturklimaindex notierte mit \u20133,8 Punkten (saisonbereinigt) 1,3 Punkte \u00fcber dem Wert vom Juni. Die Lageeinsch\u00e4tzungen stiegen leicht an. Die Konjunkturerwartungen verbesserten sich, blieben aber auf verhaltenem Niveau. In der Sachg\u00fctererzeugung und in den Dienstleistungen blieben die Indizes mehrheitlich skeptisch. Im Einzelhandel stiegen die Indizes st\u00e4rker an und in der Bauwirtschaft verbesserten sich die Lagebeurteilungen bei r\u00fcckl\u00e4ufigen Baupreiserwartungen.<\\\/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":"\nSlight Improvement in Economic Expectations Amid Persistent Risks - 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\/451179\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Slight Improvement in Economic Expectations Amid Persistent Risks\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/451179\/\" \/>\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=\"2026-07-30T12:15:07+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\\\/451179\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/451179\\\/\",\"name\":\"Slight Improvement in Economic Expectations Amid Persistent Risks - 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