Austria PMI September 2021

Austria

Austria: Manufacturing PMI ticks up in September

September 28, 2021

At the close of the third quarter, operating conditions in Austria’s manufacturing sector improved at a stronger pace. The UniCredit Bank Austria Manufacturing Purchasing Managers’ Index (PMI) rose to 62.8 in September from 61.8 in August. The index, consequently, moved further north of the neutral 50-threshold that separates expansion from contraction in the manufacturing sector.

The headline improvement reflected the first pickup in output growth in four months thanks to a boost of increased operating capacity and a continued upturn in new orders. However, the fading of post-lockdown catch-up effects saw new orders growth easing to its lowest level since February. Nonetheless, backlogs of work continued to rise in September, despite using post-production inventories to limit the rise in outstanding work. Moreover, material shortages and transport delays carried on and continued to weigh on the sector. Lastly, sentiment levels deteriorated slightly.

FocusEconomics panelists forecast fixed investment to expand 6.2% in 2021, which is up 2.0 percentage points from last month’s forecast. The panel sees fixed investment growth of 4.7% in 2022.


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Austria PMI September 2021 0

Note: UniCredit Bank Austria Manufacturing Purchasing Managers’ Index (PMI). A reading above 50 indicates an overall increase compared to the previous month, and below 50 an overall decrease.
Source: UniCredit Bank Austria and IHS Markit.


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