Downturn Continues. Results of the WIFO-Konjunkturtest Quarterly Survey of October 2022

The results of the WIFO-Konjunkturtest (business cycle survey) of October show a quarter-on-quarter weakening of economic assessments and a further deterioration of economic expectations for all sectors. Capacity utilisation also declined in all sectors, but still remained at average levels. As in p...

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Bibliographische Detailangaben
Link(s) zu Dokument(en):WIFO Publikation
Veröffentlicht in:WIFO Reports on Austria
Hauptverfasser: Werner Hölzl, Jürgen Bierbaumer, Michael Klien, Agnes Kügler
Format: article
Sprache:Englisch
Veröffentlicht: 2022
Schlagworte:
Beschreibung
Zusammenfassung:The results of the WIFO-Konjunkturtest (business cycle survey) of October show a quarter-on-quarter weakening of economic assessments and a further deterioration of economic expectations for all sectors. Capacity utilisation also declined in all sectors, but still remained at average levels. As in previous quarters, the "shortage of labour force" was the most important constraint on business activity in the Austrian economy, although the "insufficient demand" is gaining in importance. Business uncertainty has risen for the last months. Sales price expectations has also remained above average.