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“Austria’s Industry Edges Towards Economic recovery”
Bank Austria Purchasing Managers’ Index for January increases slightly. Moderate improvement in orders helps to offset the decline in production output.
“Austria’s Industry Edges Towards Economic recovery” / Picture: © Vindobona.org
Austrian industry continues to bounce back, as the economic slowdown gradually fades away. "The Bank Austria Purchasing Managers’ Index improved slightly in January. Compared to the previous month, the indicator has risen by one half a point to a level of 48.6, slowly bringing it back closer to the 50-point mark, which signals growth," explained Stefan Bruckbauer, chief economist at…
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