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.