Economic Expectations Weaken. Results of the WIFO-Konjunkturtest Quarterly Survey of July 2022

Werner Hölzl, Juergen Bierbaumer-Polly, Michael Klien and Agnes Kügler

WIFO Reports on Austria, 2022, issue 11

Abstract: The results of the WIFO-Konjunkturtest (business cycle survey) of July show a weakening of economic dynamics and a clouding of economic expectations in a quarterly comparison. In all sectors, the economic indicators lost ground compared to April. Capacity utilisation also declined in all sectors but remained at above-average levels. In the economy, as in the previous quarter, the "shortage of labour force" was the most important obstacle to business activity, in manufacturing and retailing the shortage of materials and intermediate products. Business uncertainty increased, while sales price expectations remained above average.

Keywords: WIFO-Konjunkturtest; Quartalsdaten; Konjunktur (search for similar items in EconPapers)
Date: 2022
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