Austria: PMI rises to over six year high in April
April 27, 2017
In April, the Bank Austria Manufacturing Purchasing Managers’ Index (PMI) came in at 58.1, up from March’s 56.8. As a result, the index moved further above the 50-threshold that indicates an expansion in business activity in the manufacturing sector, where it has remained since April 2015.
Output and new business grew sharply in April. As a consequence of higher demand, backlogs of work grew and producers increased their number of employees at a fast pace, albeit slower than in March. Regarding prices, input price inflation eased somewhat, while at the same time output prices increased sharply.
Author: Christopher Mc Innes, Economist