Austrian industrial sector on slow path out of recession

The Austrian industrial sector has yet to emerge from recession and slow progress is being made with the ongoing regrouping of the economy. "The UniCredit Bank Austria Purchasing Managers' Index was at 43.6 points in April. Following the setback in the previous month, this figure saw the moderate upwards trend of past months continue. Although the latest indicator marks the highest value in exactly one year, it falls well short of the 50-point mark that would signal growth in the domestic industrial sector", says UniCredit Bank Austria Chief Economist Stefan Bruckbauer.

Purchasing Managers Index 042024

  • UniCredit Bank Austria Purchasing Managers' Index rises to highest level in a year in April at 43.5 points
  • Drop in production output from domestic businesses less marked than in previous month as decline in new business slows once again
  • Pace of job cuts declines in April but seasonally adjusted unemployment rate in sector sits at highest level in two and a half years at 3.7%
  • Costs and sales prices fall at slower rate than in previous month
  • Sharp reduction in quantity of purchases fuels further reduction in stock of purchases but sales problems see stocks of finished goods increase for first time in months
  • Majority of domestic businesses expect production to increase within next 12 months. Future output index reaches 55.5 points in April

UniCredit Bank Austria Purchasing Managers' Index (PDF)

as of April, 2024.
 

About UniCredit Bank Austria Purchasing Managers' Index

The UniCredit Bank Austria Purchasing Managers' Index offers an evaluation of the economic situation of Austrian industry by selected purchasing managers.

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