Business - Economy

Austrian Industry Falls into Recession

Published: October 28, 2011; 15:02 · (Vindobona)

Bank Austria’s Purchasing Managers’ Index shows a further deterioration of the economic situation. A slight recession is expected for the next months.

Austrian Industry Falls into Recession / Picture: © Vindobona.org

The Austrian economy is sputtering: The industry faced a significant drop in new orders in October and for the first time in two years the purchase and selling prices both dropped. This is the result of Bank Austria’s monthly Purchasing Managers’ Index.

For the months to come the bank’s analysts even expect a slight recession in the domestic industry. Thanks to a strong…

This article includes a total of 207 words.

or Log In

Fast News Search

Join us to succeed in Vienna! Sign up to read articles for free and to get personalized updates on the events that interest you.

Austrian Industry Falls into Recession

Bank Austria’s Purchasing Managers’ Index shows a further deterioration of the economic situation. A slight recession is expected for the next months.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.