Austria PMI

Austria

Austria: PMI improves in June

June 29, 2015

The manufacturing Purchasing Managers’ Index (PMI) elaborated by Bank Austria rose from 50.3 in May to 51.2 in June, which marked the highest level in over a year. As a result, the index is now further above the 50 threshold that indicates an expansion in business activity in the manufacturing sector.

According to Bank Austria, the improvement observed in June came on the back of accelerating production. In addition, new orders expanded at the fastest rate since November 2013. Despite the increase in production, employment fell in June. The Bank added that, in June, input prices increased for the first time in nine months.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to expand 0.8% in 2015, which is down 0.1 percentage points from last month’s forecast. The panel sees investment growth accelerating to 2.5% in 2016.


Author: Angela Bouzanis, Senior Economist

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Austria PMI June 2015

Note: Bank Austria Purchasing Managers’ Index (PMI) Composite Output. A reading above 50 indicates an expansion in business activity while a reading below 50 indicates a contraction.
Source: Bank Austria and Markit.


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