Austria PMI September 2020

Austria

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.

FocusEconomics panelists forecast fixed investment to fall 6.7% in 2020, which is up 1.6 percentage points from last month’s forecast. The panel sees fixed investment growth of 4.8% in 2021, which is down 1.7 percentage points points from last month’s projection.


Author:

Sample Report

Looking for forecasts related to PMI in Austria? Download a sample report now.

Download

Austria PMI Chart


Austria PMI September 20 20

Note: UniCredit Bank Austria Manufacturing Purchasing Managers’ Index (PMI). A reading above 50 indicates an overall increase compared to the previous month, and below 50 an overall decrease.
Source: UniCredit Bank Austria and IHS Markit.


Austria Economic News

More news

Search form