Austria: Manufacturing conditions improve at a faster pace in September
September 28, 2020
Manufacturing operating conditions in Austria improved at a faster pace in September, with the UniCredit Bank Austria Manufacturing Purchasing Managers’ Index (PMI) clocking 51.7, from 51.0 in August. As such, the print comes above the neutral 50-threshold which indicates an overall improvement in manufacturing conditions compared to the previous month.
The uptick reflected faster growth in new orders, in particular driven by stronger export orders from Germany, as well as softer job losses. Moreover, optimism regarding future output surged, reaching the highest level since mid-2018. However, output grew at a softer pace once more, easing further from July’s reading.