Austria: PMI stabilizes at multi-year high in May
May 30, 2017
In May, the Bank Austria Manufacturing Purchasing Managers’ Index (PMI) came in at 58.0, down from April’s 58.1. As a result, the index remained solidly 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 May, as did new export orders. As a consequence of higher demand, producers continued to increase their number of employees at a fast pace. Regarding prices, input price inflation eased somewhat, but remained high, while at the same time output prices increased sharply.
Author: Christopher Mc Innes, Economist