The UniCredit Bank Austria Purchasing Managers' Index offers an evaluation of the economic situation of Austrian industry by selected purchasing managers.
Downturn in Austrian industrial sector gathers pace
- UniCredit Bank Austria Purchasing Managers' Index drops to lowest level in more than two years in August, at 48.8 points
- Sizeable decline in production following sharper slump in new business
- Pace of job creation slows significantly in August
- Weakening demand helps ease supply problems and lessen price hikes
- Economic outlook clouding rapidly: Number of industrial businesses anticipating production losses matches that during COVID-19 crisis of spring 2020
as of 29 August 2022.