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Austria: Industrial activity Remains Weak for Now
Falling orders trigger cutbacks in production and job losses once more. Earnings of companies under pressure from sharp rise in input prices. Recovery in industry expected no earlier than 2013: growth of 3 per cent on horizon.
Austria: Industrial activity Remains Weak for Now / Picture: © Vindobona.org
The unfavourable international conditions continue to weigh down on Austrian industrial activity. In October the Bank Austria Purchasing Managers' Index lost ground once again and is currently at 44.8 points. This means growth is falling fast, at a rate not seen since mid-2009. That said, following the continuous and sometimes rapid drop in growth since the beginning of the year, this…
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