Austria PMI

Austria

Austria: PMI stabilizes in August

August 28, 2014

The manufacturing PMI elaborated by Bank Austria stabilized in August, staying at July’s 50.9. The manufacturing PMI—the result of a survey of over 300 industrial businesses based in Austria—has hovered above the 50 threshold since August 2013.

According to Bank Austria, August’s result showed that, “at 50.9, unchanged from July, the rate of improvement remained muted.”

New orders continued to deteriorate in August and, according to Bank Austria, “the pace of contraction accelerated since July and was the sharpest since April last year.” Conversely, new export orders rose over the previous month and production as well as employment improved over July.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to expand 2.0% in 2014, which is down 0.2 percentage points from last month’s forecast. In 2015, the panel sees investment growth accelerating to 2.9%.


Author:, Senior Economist

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Austria PMI August 2014

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


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