News – 08.02.2024

Austria's Industry Remains in Recession

WIFO Business Cycle Report of February 2024

Domestic industry is still in recession. Although the WIFO business climate index for manufacturing stabilised at the beginning of the year, it is still clearly in negative territory. The two sub-indices on the current situation and expectations for the next three months rose only marginally. In contrast to the other sectors, tourism is growing strongly despite the considerable increase in the cost of hotel and restaurant services. After an interruption in December, the decline in the inflation rate continued in January.
News – 07.02.2024

A Short-term Forecast of Price Changes for Food and Beverages in Austria

Policy Brief 1 on the Research Project "Robust Supply Chains in the Agricultural and Food Sector"

Based on a newly developed forecast model for consumer prices for food and beverages, WIFO expects an average price increase of 5¼ percent for 2024 (2023 +11½ percent).
News – 30.01.2024

Restrained Economic Development in the Fourth Quarter of 2023

WIFO Flash Estimate

According to WIFO's latest flash estimate, the domestic economy stabilised at a low level at the end of the year: economic output expanded by 0.2 percent in real terms in the fourth quarter of 2023 compared to the previous quarter. While the first signs of a bottoming out can be seen in industry, developments in the service sectors were mixed. Consumer and investment demand remained subdued.
News – 29.01.2024

Europe Must Pay Off

WIFO Director Gabriel Felbermayr's Plea for a Future-proof Europe

"Europe is in a better position than many people think. However, in order to continue to guarantee prosperity and security, the EU must bring tangible benefits for citizens and member states," said WIFO Director Gabriel Felbermayr on 29 January 2024 on the occasion of the publication of his book "Europa muss sich rechnen" (Europe Must Pay Off), published by Brandstätter Verlag.