Austria: Manufacturing conditions improve at a softer pace in November
November 26, 2020
Manufacturing operating conditions in Austria improved at a softer pace in November, with the UniCredit Bank Austria Manufacturing Purchasing Managers’ Index (PMI) dropping to 51.7, down from the near two-year high of 54.0 in October. However, the print remained above the neutral 50-threshold which indicates an overall improvement in manufacturing conditions compared to the previous month.
The softer expansion in operating conditions came on easing output, new orders and exports growth as new restrictive measures amid the second wave of Covid-19 dragged markedly on the consumer goods sector. Moreover, jobs were shed for the ninth consecutive month.