A city on a lake in Austria

Austria PMI August 2022

Austria: Manufacturing PMI dips into contractionary territory in August

The UniCredit Bank Austria Manufacturing Purchasing Managers’ Index (PMI) dropped from 51.7 in July to 48.8 in August. The index, therefore, moved below the neutral 50-threshold that separates an overall deterioration in conditions from an improvement in conditions, as compared to the prior month.

The drop was driven by steeper declines in output and new orders. Weakened demand dynamics also weighed on job creation and translated into an increase in stocks of finished goods. Turning to prices, the pace of input and output price inflation eased, but price pressures remained elevated. Lastly, pessimism regarding the outlook for the next 12 months increased. High energy prices and a general economic slowdown were reasons for concern.

On the general outlook for the sector, analysts at Erste Bank added:

“The war in Ukraine and the resulting sanctions against Russia will dampen the economic recovery in the coming months. […] High commodity and energy prices as well as supply chain issues will also negatively impact industrial production and slow investment growth.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest