A city on a lake in Austria

Austria PMI March 2024

Austria: Manufacturing PMI ticks down in March

The UniCredit Bank Austria Manufacturing Purchasing Managers’ Index (PMI) fell to 42.2 in March from 43.0 in February. As a result, the index moved further below the 50.0 no-change threshold and signaled a faster deterioration in manufacturing sector operating conditions compared to the previous month.

In March, new orders decreased at the fastest year-to-date rate due to full customer warehouses and a general lack of investment appetite. In particular, new export orders saw a sharp decline, especially from the German market. In response, firms shed staff at the steepest pace since May 2020 and supplier delivery times at a more pronounced rate—negatively impacting the index—due to weaker demand. While output decreased at a slower rate, manufacturers indicated a reliance on backlogs to support production volumes.

On the price front, March saw a steeper fall in input costs and factory gate charges. This trend chiefly reflects sustained downward pressure on prices due to weak demand, alongside manufacturers facing competition for new work. Finally, despite the sector’s challenges, optimism among manufacturers for the next 12 months reached a 25-month high, underpinned by hopes for a rebounding economy and potential interest rate cuts.

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