{"id":55247,"date":"2023-12-01T18:43:18","date_gmt":"2023-12-01T17:43:18","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/hochfrequenzkonjunkturanalyse-vom-august-2020\/"},"modified":"2024-11-07T06:21:55","modified_gmt":"2024-11-07T05:21:55","slug":"hochfrequenzkonjunkturanalyse-vom-august-2020","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/55247\/","title":{"rendered":"High Frequency Business Cycle Analysis of August 2020"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-55247","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The weekly WIFO Economic Index (WWWI), which is compiled using high-frequency data, shows that the continuous recovery process in Austria's economic development since the lows in spring continued in August 2020 (calendar week 35 \u20133.5 percent), but that the momentum of the recovery lost some of its strength. Based on the WWWI, the estimate for GDP growth for the year as a whole is around \u20137 percent. This is confirmed by the results of a cluster of dynamic factor models (CDFM), which is presented here for the production-side aggregates of National Accounts. Furthermore, we present the results of a correlation analysis, which was also used for the selection of indicators for the CDFM. The situation on the labour market eased further in August; the increase in the number of unemployed was noticeably smaller than in the previous month, and the rate of job losses was reduced again.","onlinedate":"2020-11-02 12:00:00","lang":"German","publication_series":"","publication_date":"20200801","publication_date_year":"","publication_date_full":false,"publication_num_pages":"13","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":384950,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"14","journal":"WIFO Research Briefs","publisher":"","invisible":false,"external":false,"embargo_date":"2020-11-02 12:00:00","types":[44390],"research_groups":[3500,3510],"collaboration":"","persons":[3872,3822,3543,3641],"persons_data":"[{\"personId\":3872,\"personName\":\"Sandra Bilek-Steindl\",\"organisationNames\":[]},{\"personId\":3822,\"personName\":\"Julia Bock-Schappelwein\",\"organisationNames\":[]},{\"personId\":3543,\"personName\":\"Christian Glocker\",\"organisationNames\":[]},{\"personId\":3641,\"personName\":\"Serguei Kaniovski\",\"organisationNames\":[]}]","clients":[10654],"subclients":[],"partners":[8870,8871],"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>Bilek-Steindl, S.<\\\/span><span>, Bock-Schappelwein, J.<\\\/span><span>, Glocker, C.<\\\/span><span>, &amp; Kaniovski, S.<\\\/span> (2020). <span>Hochfrequenzkonjunkturanalyse vom August 2020<\\\/span>. <span><em>WIFO Research Briefs<\\\/em><\\\/span>, (14). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/66526\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/66526<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Bilek-Steindl S<\\\/span><span>, Bock-Schappelwein J<\\\/span><span>, Glocker C<\\\/span><span>, Kaniovski S<\\\/span>. <span class=\\\"title\\\"><span>Hochfrequenzkonjunkturanalyse vom August 2020<\\\/span><\\\/span>. <span>WIFO Research Briefs<\\\/span>. 2020 Aug;(14).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{998ebedded664248a0ed6e070737d233,<\\\/div><div>  title    = \\\"Hochfrequenzkonjunkturanalyse vom August 2020\\\",<\\\/div><div>  abstract = \\\"Wie der unter Verwendung hochfrequenter Daten erstellte w{\\\\\\\"o}chentliche WIFO-Wirtschaftsindex (WWWI) zeigt, setzte sich der kontinuierliche Aufholprozess der Wirtschaftsentwicklung in {\\\\\\\"O}sterreich seit den Tiefstwerten im Fr{\\\\\\\"u}hjahr auch im August 2020 fort (Kalenderwoche 35 \u20133,5\\\\%), die Erholung verlor jedoch etwas an Dynamik. Die auf dem WWWI aufbauende Einsch{\\\\\\\"a}tzung f{\\\\\\\"u}r das Gesamtjahreswachstum des BIP liegt bei rund \u20137\\\\%. Dies best{\\\\\\\"a}tigen die Ergebnisse eines Clusters dynamischer Faktormodelle (CDFM), welcher hier f{\\\\\\\"u}r die Aggregate der VGR-Entstehungsseite pr{\\\\\\\"a}sentiert wird. Vorgestellt werden zudem die Ergebnisse einer Korrelationsanalyse, welche u. a. zur Auswahl der Indikatoren f{\\\\\\\"u}r das CDFM herangezogen wurde. Die Lage auf dem Arbeitsmarkt entspannte sich im August weiter: Die Arbeitslosenzahl stieg merklich schw{\\\\\\\"a}cher als im Vormonat, und auch der Besch{\\\\\\\"a}ftigungsabbau fiel neuerlich geringer aus.\\\",<\\\/div><div>  author   = \\\"Sandra Bilek-Steindl and Julia Bock-Schappelwein and Christian Glocker and Serguei Kaniovski\\\",<\\\/div><div>  note     = \\\"Hochfrequenzkonjunkturanalyse vom August 2020\\\",<\\\/div><div>  year     = \\\"2020\\\",<\\\/div><div>  month    = aug,<\\\/div><div>  language = \\\"Deutsch\\\",<\\\/div><div>  journal  = \\\"WIFO Research Briefs\\\",<\\\/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  - Hochfrequenzkonjunkturanalyse vom August 2020<\\\/p><p>AU  - Bilek-Steindl, Sandra<\\\/p><p>AU  - Bock-Schappelwein, Julia<\\\/p><p>AU  - Glocker, Christian<\\\/p><p>AU  - Kaniovski, Serguei<\\\/p><p>N1  - Hochfrequenzkonjunkturanalyse vom August 2020<\\\/p><p>PY  - 2020\\\/8<\\\/p><p>Y1  - 2020\\\/8<\\\/p><p>N2  - Wie der unter Verwendung hochfrequenter Daten erstellte w\u00f6chentliche WIFO-Wirtschaftsindex (WWWI) zeigt, setzte sich der kontinuierliche Aufholprozess der Wirtschaftsentwicklung in \u00d6sterreich seit den Tiefstwerten im Fr\u00fchjahr auch im August 2020 fort (Kalenderwoche 35 \u20133,5%), die Erholung verlor jedoch etwas an Dynamik. Die auf dem WWWI aufbauende Einsch\u00e4tzung f\u00fcr das Gesamtjahreswachstum des BIP liegt bei rund \u20137%. Dies best\u00e4tigen die Ergebnisse eines Clusters dynamischer Faktormodelle (CDFM), welcher hier f\u00fcr die Aggregate der VGR-Entstehungsseite pr\u00e4sentiert wird. Vorgestellt werden zudem die Ergebnisse einer Korrelationsanalyse, welche u. a. zur Auswahl der Indikatoren f\u00fcr das CDFM herangezogen wurde. Die Lage auf dem Arbeitsmarkt entspannte sich im August weiter: Die Arbeitslosenzahl stieg merklich schw\u00e4cher als im Vormonat, und auch der Besch\u00e4ftigungsabbau fiel neuerlich geringer aus.<\\\/p><p>AB  - Wie der unter Verwendung hochfrequenter Daten erstellte w\u00f6chentliche WIFO-Wirtschaftsindex (WWWI) zeigt, setzte sich der kontinuierliche Aufholprozess der Wirtschaftsentwicklung in \u00d6sterreich seit den Tiefstwerten im Fr\u00fchjahr auch im August 2020 fort (Kalenderwoche 35 \u20133,5%), die Erholung verlor jedoch etwas an Dynamik. Die auf dem WWWI aufbauende Einsch\u00e4tzung f\u00fcr das Gesamtjahreswachstum des BIP liegt bei rund \u20137%. Dies best\u00e4tigen die Ergebnisse eines Clusters dynamischer Faktormodelle (CDFM), welcher hier f\u00fcr die Aggregate der VGR-Entstehungsseite pr\u00e4sentiert wird. Vorgestellt werden zudem die Ergebnisse einer Korrelationsanalyse, welche u. a. zur Auswahl der Indikatoren f\u00fcr das CDFM herangezogen wurde. Die Lage auf dem Arbeitsmarkt entspannte sich im August weiter: Die Arbeitslosenzahl stieg merklich schw\u00e4cher als im Vormonat, und auch der Besch\u00e4ftigungsabbau fiel neuerlich geringer aus.<\\\/p><p>M3  - WIFO-Schriftenreihen<\\\/p><p>JO  - WIFO Research Briefs<\\\/p><p>JF  - WIFO Research Briefs<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","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 v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>High Frequency Business Cycle Analysis of August 2020 - 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\/55247\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"High Frequency Business Cycle Analysis of August 2020\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/55247\/\" \/>\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=\"2024-11-07T05:21:55+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\\\/55247\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/55247\\\/\",\"name\":\"High Frequency Business Cycle Analysis of August 2020 - 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