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Austria PMI January 2022

Austria: Manufacturing PMI increases to four-month high in January

Manufacturing operating conditions improved at a stronger pace at the outset of the new year, with the Unicredit Bank Austria Manufacturing Purchasing Managers’ Index (PMI) rising to 61.5 in January from 58.7 in December. January’s print marked the best result since September 2021 as the index moved further north of the neutral 50-threshold that separates expansion from contraction in business conditions compared to the prior month.

The headline improvement came on the back of faster growth in output and new orders amid easing supply bottlenecks and firming demand. A steep increase in new export orders was key to stronger overall growth in new orders, with clients placing additional orders in anticipation of future price hikes. Turning to prices, input price inflation moderated for the third month in a row, which resulted in a softer rise in output price inflation.

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