{"id":55259,"date":"2023-12-01T18:43:27","date_gmt":"2023-12-01T17:43:27","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/hochfrequenzkonjunkturanalyse-vom-september-2020\/"},"modified":"2024-11-07T06:22:01","modified_gmt":"2024-11-07T05:22:01","slug":"hochfrequenzkonjunkturanalyse-vom-september-2020","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/55259\/","title":{"rendered":"High Frequency Business Cycle Analysis of September 2020"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-55259","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The current economic situation of the Austrian economy has further improved in September 2020. Based on high-frequency data, the weekly WIFO Economic Index (WWWI) shows a gap of 2.9 percent in calendar week 39 compared to the same period last year. On a monthly average, the recovery was once again weaker than in previous months. Based on the WWWI, the estimate for full-year GDP growth is around \u20137 percent. This is also confirmed by the results of the cluster of dynamic factor models (CDFM), which are presented here for the expenditure-side aggregates of the National Accounts. The selection of indicators for the CDFM is based, among other things, on the findings of a correlation analysis, which is also described. The situation on the labour market continued to ease in September, and the employment level stabilised in some economic sectors.","onlinedate":"2020-11-02 12:00:00","lang":"German","publication_series":"","publication_date":"20200901","publication_date_year":"","publication_date_full":false,"publication_num_pages":"14","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":385002,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"15","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 September 2020<\\\/span>. <span><em>WIFO Research Briefs<\\\/em><\\\/span>, (15). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/66527\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/66527<\\\/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 September 2020<\\\/span><\\\/span>. <span>WIFO Research Briefs<\\\/span>. 2020 Sept;(15).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{6c5d71fe013940d39b79727f2b5f490f,<\\\/div><div>  title    = \\\"Hochfrequenzkonjunkturanalyse vom September 2020\\\",<\\\/div><div>  abstract = \\\"Die aktuelle Konjunkturlage verbesserte sich in {\\\\\\\"O}sterreich im September 2020 weiter. Auf Basis hochfrequenter Daten zeigt der w{\\\\\\\"o}chentliche WIFO-Wirtschaftsindex (WWWI) in der Kalenderwoche 39 eine L{\\\\\\\"u}cke von 2,9\\\\% gegen{\\\\\\\"u}ber dem Vergleichswert des Vorjahres. Im Monatsdurchschnitt war die Erholung abermals schw{\\\\\\\"a}cher als in den Vormonaten. Die auf dem WWWI aufbauende Einsch{\\\\\\\"a}tzung f{\\\\\\\"u}r das Gesamtjahreswachstum des BIP liegt bei rund \u20137\\\\%. Dies best{\\\\\\\"a}tigen auch die Ergebnisse des Clusters dynamischer Faktormodelle (CDFM), welches hier f{\\\\\\\"u}r die verwendungsseitigen Aggregate der VGR vorgestellt wird. Die Auswahl der Indikatoren f{\\\\\\\"u}r das CDFM basiert u. a. auf den Erkenntnissen einer Korrelationsanalyse, welche gleichfalls beschrieben wird. Die Lage auf dem Arbeitsmarkt entspannte sich im September weiter, in einigen Wirtschaftsbereichen stabilisierte sich das Besch{\\\\\\\"a}ftigungsniveau.\\\",<\\\/div><div>  author   = \\\"Sandra Bilek-Steindl and Julia Bock-Schappelwein and Christian Glocker and Serguei Kaniovski\\\",<\\\/div><div>  note     = \\\"Hochfrequenzkonjunkturanalyse vom September 2020\\\",<\\\/div><div>  year     = \\\"2020\\\",<\\\/div><div>  month    = sep,<\\\/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 September 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 September 2020<\\\/p><p>PY  - 2020\\\/9<\\\/p><p>Y1  - 2020\\\/9<\\\/p><p>N2  - Die aktuelle Konjunkturlage verbesserte sich in \u00d6sterreich im September 2020 weiter. Auf Basis hochfrequenter Daten zeigt der w\u00f6chentliche WIFO-Wirtschaftsindex (WWWI) in der Kalenderwoche 39 eine L\u00fccke von 2,9% gegen\u00fcber dem Vergleichswert des Vorjahres. Im Monatsdurchschnitt war die Erholung abermals schw\u00e4cher als in den Vormonaten. Die auf dem WWWI aufbauende Einsch\u00e4tzung f\u00fcr das Gesamtjahreswachstum des BIP liegt bei rund \u20137%. Dies best\u00e4tigen auch die Ergebnisse des Clusters dynamischer Faktormodelle (CDFM), welches hier f\u00fcr die verwendungsseitigen Aggregate der VGR vorgestellt wird. Die Auswahl der Indikatoren f\u00fcr das CDFM basiert u. a. auf den Erkenntnissen einer Korrelationsanalyse, welche gleichfalls beschrieben wird. Die Lage auf dem Arbeitsmarkt entspannte sich im September weiter, in einigen Wirtschaftsbereichen stabilisierte sich das Besch\u00e4ftigungsniveau.<\\\/p><p>AB  - Die aktuelle Konjunkturlage verbesserte sich in \u00d6sterreich im September 2020 weiter. Auf Basis hochfrequenter Daten zeigt der w\u00f6chentliche WIFO-Wirtschaftsindex (WWWI) in der Kalenderwoche 39 eine L\u00fccke von 2,9% gegen\u00fcber dem Vergleichswert des Vorjahres. Im Monatsdurchschnitt war die Erholung abermals schw\u00e4cher als in den Vormonaten. Die auf dem WWWI aufbauende Einsch\u00e4tzung f\u00fcr das Gesamtjahreswachstum des BIP liegt bei rund \u20137%. Dies best\u00e4tigen auch die Ergebnisse des Clusters dynamischer Faktormodelle (CDFM), welches hier f\u00fcr die verwendungsseitigen Aggregate der VGR vorgestellt wird. Die Auswahl der Indikatoren f\u00fcr das CDFM basiert u. a. auf den Erkenntnissen einer Korrelationsanalyse, welche gleichfalls beschrieben wird. Die Lage auf dem Arbeitsmarkt entspannte sich im September weiter, in einigen Wirtschaftsbereichen stabilisierte sich das Besch\u00e4ftigungsniveau.<\\\/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 v28.3 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>High Frequency Business Cycle Analysis of September 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\/55259\/\" \/>\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 September 2020\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/55259\/\" \/>\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=\"2024-11-07T05:22:01+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\\\/55259\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/55259\\\/\",\"name\":\"High Frequency Business Cycle Analysis of September 2020 - 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