Economic Sentiment Continues to Brighten, Supply Bottlenecks and Labour Shortages Hamper Production. Results of the WIFO-Konjunkturtest
Quarterly Survey of July 2021
Economic assessments of Austrian companies continued to improve across all sectors in July. Sentiment also brightened in the
sectors recently affected directly or indirectly by lockdowns. The WIFO-Konjunkturampel (economic traffic light) continues
to show green, confirming the trend of a strong economic upswing. Accordingly, capacity utilisation improved noticeably. For
the first time since the beginning of the COVID-19 crisis, companies cited the "shortage of labour force" as the most important
obstacle to their activities. In manufacturing and construction, more companies than ever before reported a "shortage of materials
or capacity" as the most important constraint.
JEL-Codes:E32, E66
Keywords:WIFO-Konjunkturtest (business cycle survey), business cycle, quarterly data
Forschungsbereich:Industrie-, Innovations- und internationale Ökonomie – Regionalökonomie und räumliche Analyse