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Austrian Industry Maintains Recovery
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Published: April 28, 2012; 12:34 ♦ (Vindobona)
On the one hand: strong employment growth was observed. On the other: falling orders and suggest a tough few months ahead for industry.
Austrian Industry Maintains Recovery / Picture: © Uni Credit Group Bank Austria
Austrian industry continues to grow at a moderate pace but is now coming up against some headwind from Europe. In April the Bank Austria Purchasing Managers' Index recorded a reading of 51.2, still above the growth threshold of 50 points. However, the indicator has ceded some ground on the previous month and has therefore fallen for the third month in a row. Austrian industry on its…
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