WIFO-Konjunkturtest

The WIFO-Konjunkturtest (business cycle survey) is a monthly survey of Austrian companies on their economic situation and its development in the coming months. The results of the WIFO-Konjunkturtest help to reliably assess the economic development in Austria at an early stage. The WIFO-Konjunkturtest has been conducted since 1954 and has been part of the "Joint Harmonised EU Programme of Business and Consumer Surveys" since 1996.
 

Publications schedule

30.05.2024, 2 p.m.
27.06.2024, 2 p.m.
30.07.2024, 2 p.m.

The WIFO-Konjunkturampel (Economic Traffic Light) Jumps to "Green" in April

The results of the WIFO Business Survey for April show a further improvement in business assessments of the economy, although they remain in the sceptical range. At –3.4 points (seasonally adjusted), the WIFO economic climate index was up 3.7 points compared to the previous month (–7.1 points). Overall economic situation assessments improved (+3.9 points), but remained slightly below the zero line at –2.9 points. Economic expectations also improved again (+3.5 points), but remained in the sceptical range at –3.9 points. The economic picture continues to be dominated by the weak industrial sector. The economic traffic light is showing "green", signalling a further cautious increase in business assessments of the economy.
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Publication – 29.04.2024
Werner Hölzl, Jürgen Bierbaumer, Michael Klien, Agnes Kügler

Economic Assessments Improve. Results of the WIFO-Konjunkturtest (Business Cycle Survey) of April 2024

WIFO Business Cycle Survey
Details

Economic Sentiment Marginally Down in the EU and the Euro Area, Employment Expectations Decline

In April 2024, the Economic Sentiment Indicator (ESI) declined marginally in both the EU (–0.3 points to 96.2 points) and the euro area (–0.6 points to 95.6 points). The Employment Expectations Indicator (EEI) declined slightly more markedly in both areas (EU: –0.5 points to 101.7 points, euro area: –0.7 points to 101.8 points). Contrary to the ESI, the EEI continued to score above its long-term average.
 
European Commission – BCS press releases
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Results of the WIFO-Konjunkturtest (Business Cycle Survey) of April 2024

Economic Assessments Improve

The results of the WIFO-Konjunkturtest (business cycle survey) show a further improvement in economic assessments in April, although they remain in the sceptical range. At –3.4 points (seasonally adjusted), the WIFO economic climate index was up 3.7 points on the previous month (–7.1 points). Improvements can be seen in both situation assessments and economic expectations. The economic picture continues to be dominated by the persistently weak industrial sector.


Further information can be found here.

The long index series of the WIFO-Konjunkturtest (business cycle survey) can be found here.
 

Credit Conditions of Austrian Companies

The credit questions of the WIFO-Konjunkturtest (business cycle survey) allow us to present the assessments and experiences of companies with regard to bank lending. The credit questions are asked quarterly in February, May, August and November.

Further information can be found here.

Links

WIFO Economic Data Service (PDF, XLSX)
ifo Business Climate Index
EU Business and Consumer Surveys
Europe-wide Business Cycle Indicators of the European Commission


The WIFO-Konjunkturtest and the WIFO-Investitiosbefragung are part of the "Joint Harmonised EU Programme of Business und Consumer Surveys".