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Austria PMI September 2023

Austria: Manufacturing PMI falls in September

The Manufacturing Purchasing Managers’ Index (PMI)—produced by UniCredit Bank Austria and S&P Global—came in at 39.6 in September, down from August’s 40.6. As a result, the index remained entrenched far below the 50.0 no-change threshold, signaling a sustained deterioration in manufacturing sector operating conditions from the previous month.

Sharper decreases in output and orders amid slower demand drove the reading. Additionally, September saw a pickup in the rate of job shedding. Regarding input and output prices, both fell to a similar extent as the falls seen in August. Lastly, sentiment regarding the economic outlook for the next year was more pessimistic than in August.

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