{"id":452133,"date":"2026-09-03T13:46:02","date_gmt":"2026-09-03T11:46:02","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/452133\/"},"modified":"2026-09-03T13:46:03","modified_gmt":"2026-09-03T11:46:03","slug":"oil-price-shock-halts-the-economic-recovery-industrial-production-rises-despite-the-trend-in-orders","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/452133\/","title":{"rendered":"Oil Price Shock Halts the Economic Recovery \u2013 Industrial Production Rises Despite the Trend in Orders"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-452133","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"According to WIFO's Flash Estimate, Austria's gross domestic product stagnated in the second quarter of 2026 compared with the previous quarter (\u00b10.0 percent). The oil price shock triggered by the war in Iran thus halted the modest economic recovery observed since early 2025. Although key leading indicators improved noticeably in July, the demand base remained narrow: the manufacturing sector expanded its output at a rate not seen since mid-2022, but new orders continued to decline.","onlinedate":"2026-09-03 11:46:03","lang":"German","publication_series":"","publication_date":"20260903","publication_date_year":"","publication_date_full":true,"publication_num_pages":"","keywords":"[]","jelcodes":"[\"E32\",\"E66\"]","related_publications":"[\"2c4ef150-e5c4-491e-b59f-db9a5b39b7b8\",\"f8a9f36e-0e7c-4a2c-b85e-9c12e4f16e08\",\"9ed367b2-510f-485c-84ed-d010f91f9a2b\",\"6e8b34a8-1569-4289-bf1b-6c2be4e6493b\"]","pdf":452135,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"99","monthly_report_pages":"383-391","monthly_report_pages_sort":"383","issue":"8","journal":"WIFO-Monatsberichte","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44312],"research_groups":[3500],"collaboration":"","persons":[3543],"persons_data":"[{\"personId\":3543,\"personName\":\"Christian Glocker\",\"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>Glocker, C.<\\\/span> (2026). <span>\u00d6lpreisschock unterbricht die Konjunkturerholung \u2013 Industrieproduktion steigt entgegen dem Auftragstrend<\\\/span>. <span><em>WIFO-Monatsberichte<\\\/em><\\\/span>, <em>99<\\\/em>(8), 383-391.<\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Glocker C<\\\/span>. <span class=\\\"title\\\"><span>\u00d6lpreisschock unterbricht die Konjunkturerholung \u2013 Industrieproduktion steigt entgegen dem Auftragstrend<\\\/span><\\\/span>. <span>WIFO-Monatsberichte<\\\/span>. 2026 Sept 3;99(8):383-391.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{08c4f09287504f5496c4c4f876cc30ef,<\\\/div><div>  title    = \\\"{\\\\\\\"O}lpreisschock unterbricht die Konjunkturerholung {\\\\textendash} Industrieproduktion steigt entgegen dem Auftragstrend\\\",<\\\/div><div>  abstract = \\\"Laut WIFO-Schnellsch{\\\\\\\"a}tzung stagnierte {\\\\\\\"O}sterreichs Bruttoinlandsprodukt im II. Quartal 2026 gegen{\\\\\\\"u}ber dem Vorquartal (\u00b10,0\\\\%). Der durch den Iran-Krieg ausgel{\\\\\\\"o}ste {\\\\\\\"O}lpreisschock unterbrach somit die seit Anfang 2025 beobachtete verhaltene Konjunkturerholung. Wichtige Vorlaufindikatoren hellten sich im Juli zwar sp{\\\\\\\"u}rbar auf, die Nachfragebasis blieb jedoch schmal: Die Industrie weitete ihre Produktion so kr{\\\\\\\"a}ftig aus wie zuletzt Mitte 2022, allerdings schrumpften die Auftragseing{\\\\\\\"a}nge weiter.\\\",<\\\/div><div>  keywords = \\\"Konjunkturbericht\\\",<\\\/div><div>  author   = \\\"Christian Glocker\\\",<\\\/div><div>  year     = \\\"2026\\\",<\\\/div><div>  month    = sep,<\\\/div><div>  day      = \\\"3\\\",<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  volume   = \\\"99\\\",<\\\/div><div>  pages    = \\\"383--391\\\",<\\\/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  - \u00d6lpreisschock unterbricht die Konjunkturerholung \u2013 Industrieproduktion steigt entgegen dem Auftragstrend<\\\/p><p>AU  - Glocker, Christian<\\\/p><p>PY  - 2026\\\/9\\\/3<\\\/p><p>Y1  - 2026\\\/9\\\/3<\\\/p><p>N2  - Laut WIFO-Schnellsch\u00e4tzung stagnierte \u00d6sterreichs Bruttoinlandsprodukt im II. Quartal 2026 gegen\u00fcber dem Vorquartal (\u00b10,0%). Der durch den Iran-Krieg ausgel\u00f6ste \u00d6lpreisschock unterbrach somit die seit Anfang 2025 beobachtete verhaltene Konjunkturerholung. Wichtige Vorlaufindikatoren hellten sich im Juli zwar sp\u00fcrbar auf, die Nachfragebasis blieb jedoch schmal: Die Industrie weitete ihre Produktion so kr\u00e4ftig aus wie zuletzt Mitte 2022, allerdings schrumpften die Auftragseing\u00e4nge weiter.<\\\/p><p>AB  - Laut WIFO-Schnellsch\u00e4tzung stagnierte \u00d6sterreichs Bruttoinlandsprodukt im II. Quartal 2026 gegen\u00fcber dem Vorquartal (\u00b10,0%). Der durch den Iran-Krieg ausgel\u00f6ste \u00d6lpreisschock unterbrach somit die seit Anfang 2025 beobachtete verhaltene Konjunkturerholung. Wichtige Vorlaufindikatoren hellten sich im Juli zwar sp\u00fcrbar auf, die Nachfragebasis blieb jedoch schmal: Die Industrie weitete ihre Produktion so kr\u00e4ftig aus wie zuletzt Mitte 2022, allerdings schrumpften die Auftragseing\u00e4nge weiter.<\\\/p><p>KW  - Konjunkturbericht<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>VL  - 99<\\\/p><p>SP  - 383<\\\/p><p>EP  - 391<\\\/p><p>JO  - WIFO-Monatsberichte<\\\/p><p>JF  - WIFO-Monatsberichte<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[\"Czaloun Astrid\",\"Glauninger Ursula\",\"Steiner Martha\"]","scientific_review":"[]","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 v28.3 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Oil Price Shock Halts the Economic Recovery \u2013 Industrial Production Rises Despite the Trend in Orders - 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