Economic Downturn Continues. Results of the WIFO-Konjunkturtest Quarterly Survey of October 2023

The results of the WIFO-Konjunkturtest (business cycle survey) in July show a significant deterioration of economic assessments across all sectors. Economic assessments and expectations were particularly sceptical in manufacturing. Capacity utilisation declined in all sectors. In the total economy,...

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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: 2023
Schlagworte:
Beschreibung
Zusammenfassung:The results of the WIFO-Konjunkturtest (business cycle survey) in July show a significant deterioration of economic assessments across all sectors. Economic assessments and expectations were particularly sceptical in manufacturing. Capacity utilisation declined in all sectors. In the total economy, as in previous quarters, the "shortage of labour force" was the most important obstacle to business activity, although "insufficient demand” Increased further in importance. Sales price expectations continue to show a downward trend.