WIFO-Monatsberichte (monthly reports)

The WIFO-Monatsberichte (monthly reports) contain research results and publications by WIFO staff on national and international economic developments based on sound economic analyses. Additionally, important key figures on the international and Austrian economic situation are published in the WIFO-Monatsberichte.

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Jesús Crespo Cuaresma (Vienna University of Economics and Business)
Claudia Kemfert (German Institute for Economic Research)
Philipp Schmidt-Dengler (University of Vienna)
Jens Südekum (Heinrich Heine University Düsseldorf)
Andrea Weber (Central European University)

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Werner Hölzl, Julia Bachtrögler-Unger, Agnes Kügler
Konjunkturbeurteilungen bleiben unter dem Eindruck der COVID-19-Krise – Erwartungen signalisieren beginnende Entspannung. Ergebnisse der Quartalsbefragung des WIFO-Konjunkturtests vom Juli 2020 (Economic Assessments Remain in the Grip of the COVID-19 Crisis – Expectations Signal a Beginning Recovery. Results of the WIFO-Konjunkturtest Quarterly Survey of July 2020)
WIFO-Monatsberichte, 2020, 93(8), pp.587-596
Online since: 24.08.2020 0:00
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Die aktuellen Konjunktureinschätzungen waren im Juli weiterhin durch die COVID-19-Krise bestimmt. Nur in der Bauwirtschaft entspannt sich die Lage, aber auch in den anderen Sektoren ziehen die Konjunkturerwartungen an. Die WIFO-Konjunkturampel bestätigt diese Verbesserung der Stimmung im österreichischen Unternehmenssektor und zeigt eine Trendwende an. In allen Sektoren bleibt die Unsicherheit aber überdurchschnittlich hoch. Durchwegs stieg die Kapazitätsauslastung gegenüber der April-Umfrage, ebenso die gesicherte Produktionsdauer. Die Angaben der Unternehmen zu den Hindernissen ihrer Geschäftstätigkeit deuten auf die Verwerfungen im Zuge der COVID-19-Krise hin. Meistgenanntes Hemmnis war im Juli der "Mangel an Nachfrage".
JEL-Codes:E32, E66
Keywords:WIFO-Konjunkturtest, Quartalsdaten, Konjunktur
Research group:Industrial, Innovation and International Economics – Regional Economics and Spatial Analysis
Language:German
Economic Assessments Remain in the Grip of the COVID-19 Crisis – Expectations Signal a Beginning Recovery. Results of the WIFO-Konjunkturtest Quarterly Survey of July 2020
The July results of the WIFO-Konjunkturtest (business cycle survey) show that current economic assessments continue to be determined by the COVID-19 crisis. Only the construction industry is already showing signs of a recovery. However, economic expectations are improving in all sectors. The WIFO-Konjunkturampel (WIFO economic traffic light) confirms this improvement of the mood in the Austrian corporate sector and indicates a trend reversal. However, the uncertainty indicator remains at above-average levels in all sectors. Capacity utilisation increased in all sectors compared to April, as did assured production duration. The information provided by companies on the obstacles to their business activities shows the distortions of the COVID-19 crisis. In July the most frequently mentioned obstacle was the "lack of demand".
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