Austria PMI May 2017

Austria

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.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to rise 2.3% in 2017, which is up 0.4 percentage points from last month’s forecast. The panel sees investment growth of 2.1% in 2018.


Author:, Economist

Sample Report

Looking for forecasts related to PMI in Austria? Download a sample report now.

Download

Austria PMI Chart


Austria PMI May 2017

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 IHS Markit.


Austria Economic News

More news

Search form