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

29.11.2021, 2 p.m.
07.01.2022, 2 p.m.

The WIFO-Konjunkturampel (Economic Traffic Light) Remains "Red"

November 2021

Sentiment among Austrian companies deteriorated slightly in November. The seasonally adjusted WIFO Business Climate Index stood at 18.0 points, 1.3 points below the previous month's value (19.2 points). Even though many questionnaires had already been answered at the beginning of November, there were declines above all in expectations in the service sectors. The economy is likely to develop less dynamically in the coming months as a result of COVID-19 restriction measures and supply bottlenecks. The WIFO economic traffic light remains "red" and confirms the weakening of the upswing dynamic.
PDF Download
Publication – 29.11.2021
Werner Hölzl, Jürgen Bierbaumer, Michael Klien, Agnes Kügler

Slight Declines in Economic Assessments. Results of the WIFO-Konjunkturtest (Business Cycle Survey) of November 2021

WIFO Business Cycle Survey
Details

Economic Sentiment Stable in the EU and the Euro Area, Employment Expectations further up

In November 2021, the Economic Sentiment Indicator (ESI) eased by 1.1 points in both the EU and the euro area.The indicator remains at a high level of 116.5 points in the EU and 117.5 in the euro area. The Employment Expectations Indicator (EEI) increased further to 115.6 points in both regions (+1.4 and +1.7 points in the EU and euro area, respectively), reaching its highest level since January 2018.
PDF Download

Expectations Regarding Business Activity, Impairments and Liquidity in the Fourth COVID-19 Wave

Results of the Sixth Special Survey on the COVID-19 Crisis as Part of the WIFO-Konjunkturtest of August 2021

Despite a clear economic upswing, the COVID-19 pandemic brought challenges for Austrian companies in the past six months: about 73 percent of the companies surveyed reported impairment of business activities in the past six months. About one third of the companies each reported the loss of orders, supply bottlenecks and difficulties in finding employees.
To the publication

Results of the WIFO-Konjunkturtest (Business Cycle Survey) of November 2021

Slight Declines in Economic Assessments

Sentiment among Austrian companies deteriorated slightly in November. The seasonally adjusted WIFO Business Climate Index stood at 18.0 points, 1.3 points below the previous month's value (19.2 points). Even though many questionnaires had already been answered at the beginning of November, declines can be seen above all in expectations in the service sectors, especially gastronomy and tourism. The economy is likely to develop less dynamically in the coming months as a result of COVID-19 restriction measures and supply bottlenecks.

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-Investitions- and Konjunkturtest is part of the "Joint Harmonised EU Programme of Business und Consumer Surveys".