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.