The WIFO economic climate index was recorded in December at -6.1 points (seasonally adjusted), 1.9 points below the value of the previous month (-4.2 points).
The WIFO economic climate index was recorded in December at -6.1 points (seasonally adjusted), 1.9 points below the value of the previous month (-4.2 points).
While the overall economic situation assessments slightly improved at a low level, economic expectations across all sectors declined, according to Wifo. The index decline is primarily due to a further deterioration of the industrial economy. Expectations have been further reduced and signal a very skeptical economic outlook.
(APA/Red)
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