Austrian Industrial Sector Gaining Stability

Politics ♦ Published: October 30, 2013; 14:29 ♦ (Vindobona)

The upwards trend in Austrian industry picked up pace in October. Highest survey reading for two years signals clear pick-up of industrial activity

Austrian Industrial Sector Gaining Stability / Picture: ©
  • Bank Austria Purchasing Managers' Index climbs by 1.6 to 52.7 points
  • "Made in Austria" booming: strong increase in new orders enables robust expansion in production
  • Trend reversal on labour market: employment in industry rises marginally again
  • Higher input prices push costs up as output prices remain stable
  • Leading indicators reveal continuation…