Brightening of the industrial economy despite US tariff announcements
After a brief pause in the previous month, the improvement trend in Austrian industry that began at the start of 2025 continued. “Domestic industry has evidently been able to digest the turbulence surrounding the erratic US tariff announcements so far. The UniCredit Bank Austria Purchasing Managers' Index rose noticeably to 48.6 points in May. The indicator thus reached its highest value since January 2023,” says UniCredit Bank Austria Chief Economist Stefan Bruckbauer, adding: “The threshold of 50 points, above which an economic recovery is signaled, was not quite reached, but the almost invariably rising sub-components of the indicator suggest an improved situation in the domestic industry, which appears to be slowly stabilizing on a broad scale.”
- The UniCredit Bank Austria Purchasing Managers' Index rose to 48.4 points in May, the highest value for 28 months
- Output increased for the first time in three years
- The decline in new business slowed significantly
- Despite slight decrease in costs: discounts in sales burden earnings situation
- The continued sharp reduction in employment once again led to an improvement in productivity
- Optimism is returning: the index of output expectations for the year rose to 56.1 points in May, exceeding the long-term average value
UniCredit Bank Austria Purchasing Managers' Index (PDF)
as of 27 May, 2025.
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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