The UniCredit Bank Austria Purchasing Managers' Index offers an evaluation of the economic situation of Austrian industry by selected purchasing managers.
Decline in industrial sector continues but pace slows
- UniCredit Bank Austria Purchasing Managers' Index up in August for first time this year – at 40.6 points, however, performance remains below growth threshold of 50 points
- Production decline slows despite continuing slump in new business
- Pace of job cuts down slightly in August
- Decline in costs and sales prices eases for first time this year
- Decline in purchasing volumes and stock of purchases and first decrease in stocks of finished goods in three months signal tentative turnaround of inventory cycle
- Production expected to drop by 2 percent in real terms in 2023 following increase of more than 6 percent last year
as of August, 2023.