The results of the January WIFO-Konjunkturtest (business cycle survey) show a decline in economic momentum on a quarterly
basis. However, in all sectors except retail trade, economic indicators remained at confident levels. Due to the easing of
health policy restrictions in January, the WIFO-Konjunkturampel (economic traffic light) jumped to green. Business uncertainty
remains high. Capacity utilisation fell in the service sectors but remained high overall. As in the previous quarter, the
"shortage of labour force" was mentioned as the most important obstacle to business activity. In manufacturing, construction
and retailing, shortages of materials and inputs continue to hamper business activity.
JEL-Codes:E32, E66
Keywords:WIFO-Konjunkturtest (business cycle survey), business cycle, quarterly data
Forschungsbereich:Makroökonomie und öffentliche Finanzen – Industrie-, Innovations- und internationale Ökonomie – Regionalökonomie und räumliche Analyse
