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Economic Sentiment Deteriorates. Results of the WIFO-Konjunkturtest Quarterly Survey of July 2023

Author

Listed:
  • Werner Hölzl
  • Jürgen Bierbaumer
  • Michael Klien
  • Agnes Kügler

Abstract

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.

Suggested Citation

  • Werner Hölzl & Jürgen Bierbaumer & Michael Klien & Agnes Kügler, 2023. "Economic Sentiment Deteriorates. Results of the WIFO-Konjunkturtest Quarterly Survey of July 2023," WIFO Reports on Austria, WIFO, issue 12, August.
    • Handle: RePEc:wfo:repoau:y:2023:i:12
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