{"id":452139,"date":"2026-09-03T13:46:05","date_gmt":"2026-09-03T11:46:05","guid":{"rendered":""},"modified":"2026-09-06T11:22:56","modified_gmt":"2026-09-06T09:22:56","slug":"business-sentiment-remains-subdued-despite-improvements","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/452139\/","title":{"rendered":"Business Sentiment Remains Subdued Despite Improvements"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-452139","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"Results of the WIFO-Konjunkturtest Quarterly Survey of July 2026","text":"The results of the July survey point to a slight improvement in business sentiment, albeit at a low level. Business expectations improved compared to the previous quarter, particularly in the manufacturing and services sectors, but remained largely sceptical. Despite the ongoing war in Iran, business uncertainty and selling price expectations declined compared to April, whilst capacity utilisation improved slightly. However, order books remained stagnant, and the \"insufficient demand\" was cited across all sectors as the most prevalent obstacle to business activity.","onlinedate":"2026-09-03 11:46:06","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\",\"08c4f092-8750-4f54-96c4-c4f876cc30ef\",\"9ed367b2-510f-485c-84ed-d010f91f9a2b\",\"6e8b34a8-1569-4289-bf1b-6c2be4e6493b\"]","pdf":452162,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"99","monthly_report_pages":"393-403","monthly_report_pages_sort":"393","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\":\"
H\u00f6lzl, W.<\\\/span>, Bierbaumer, J.<\\\/span>, Klien, M.<\\\/span>, & K\u00fcgler, A.<\\\/span> (2026). Konjunkturstimmung bleibt trotz Verbesserung ged\u00e4mpft: Ergebnisse der Quartalsbefragung des WIFO-Konjunkturtests vom Juli 2026<\\\/span>. WIFO-Monatsberichte<\\\/em><\\\/span>, 99<\\\/em>(8), 393-403.<\\\/div>\",\"vancouver\":\"
H\u00f6lzl W<\\\/span>, Bierbaumer J<\\\/span>, Klien M<\\\/span>, K\u00fcgler A<\\\/span>. Konjunkturstimmung bleibt trotz Verbesserung ged\u00e4mpft: Ergebnisse der Quartalsbefragung des WIFO-Konjunkturtests vom Juli 2026<\\\/span><\\\/span><\\\/span>. WIFO-Monatsberichte<\\\/span>. 2026 Sept 3;99(8):393-403.<\\\/div>\",\"bibtex\":\"
@misc{f8a9f36e0e7c4a2cb85e9c12e4f16e08,<\\\/div>
title = \\\"Konjunkturstimmung bleibt trotz Verbesserung ged{\\\\\\\"a}mpft: Ergebnisse der Quartalsbefragung des WIFO-Konjunkturtests vom Juli 2026\\\",<\\\/div>
abstract = \\\"Die Befragungsergebnisse vom Juli zeigen eine Aufhellung der Konjunkturstimmung auf niedrigem Niveau. Die Konjunkturerwartungen verbesserten sich insbesondere in der Sachg{\\\\\\\"u}tererzeugung und im Dienstleistungssektor gegen{\\\\\\\"u}ber April, blieben jedoch mehrheitlich skeptisch. Trotz Fortdauer des Iran-Krieges gingen die unternehmerische Unsicherheit und die Verkaufspreiserwartungen gegen{\\\\\\\"u}ber dem Vorquartal zur{\\\\\\\"u}ck, w{\\\\\\\"a}hrend sich die Kapazit{\\\\\\\"a}tsauslastung vorsichtig verbesserte. Die Auftragslage blieb jedoch schwach; spiegelbildlich wurde der {\\\"}Mangel an Nachfrage{\\\"} in allen Wirtschaftsbereichen am h{\\\\\\\"a}ufigsten als Hemmnis der Gesch{\\\\\\\"a}ftst{\\\\\\\"a}tigkeit genannt. \\\",<\\\/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 = sep,<\\\/div>
day = \\\"3\\\",<\\\/div>
language = \\\"Deutsch\\\",<\\\/div>
volume = \\\"99\\\",<\\\/div>
pages = \\\"393--403\\\",<\\\/div>
journal = \\\"WIFO-Monatsberichte\\\",<\\\/div>

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

TY - GEN<\\\/p>

T1 - Konjunkturstimmung bleibt trotz Verbesserung ged\u00e4mpft<\\\/p>

T2 - Ergebnisse der Quartalsbefragung 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\\\/9\\\/3<\\\/p>

Y1 - 2026\\\/9\\\/3<\\\/p>

N2 - Die Befragungsergebnisse vom Juli zeigen eine Aufhellung der Konjunkturstimmung auf niedrigem Niveau. Die Konjunkturerwartungen verbesserten sich insbesondere in der Sachg\u00fctererzeugung und im Dienstleistungssektor gegen\u00fcber April, blieben jedoch mehrheitlich skeptisch. Trotz Fortdauer des Iran-Krieges gingen die unternehmerische Unsicherheit und die Verkaufspreiserwartungen gegen\u00fcber dem Vorquartal zur\u00fcck, w\u00e4hrend sich die Kapazit\u00e4tsauslastung vorsichtig verbesserte. Die Auftragslage blieb jedoch schwach; spiegelbildlich wurde der \\\"Mangel an Nachfrage\\\" in allen Wirtschaftsbereichen am h\u00e4ufigsten als Hemmnis der Gesch\u00e4ftst\u00e4tigkeit genannt. <\\\/p>

AB - Die Befragungsergebnisse vom Juli zeigen eine Aufhellung der Konjunkturstimmung auf niedrigem Niveau. Die Konjunkturerwartungen verbesserten sich insbesondere in der Sachg\u00fctererzeugung und im Dienstleistungssektor gegen\u00fcber April, blieben jedoch mehrheitlich skeptisch. Trotz Fortdauer des Iran-Krieges gingen die unternehmerische Unsicherheit und die Verkaufspreiserwartungen gegen\u00fcber dem Vorquartal zur\u00fcck, w\u00e4hrend sich die Kapazit\u00e4tsauslastung vorsichtig verbesserte. Die Auftragslage blieb jedoch schwach; spiegelbildlich wurde der \\\"Mangel an Nachfrage\\\" in allen Wirtschaftsbereichen am h\u00e4ufigsten als Hemmnis der Gesch\u00e4ftst\u00e4tigkeit genannt. <\\\/p>

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

KW - Quartalsdaten<\\\/p>

KW - Konjunktur<\\\/p>

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

VL - 99<\\\/p>

SP - 393<\\\/p>

EP - 403<\\\/p>

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

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

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