Austrian Industry Remains on Growth Course

Business › Economy ♦ Published: January 1, 2011; 15:26 ♦ (Vindobona)

Bank Austria Purchasing Managers’ Index down slightly in November, but strong growth persists. Order intake increased as well as employment.

Austrian Industry Remains on Growth Course / Picture: © Vindobona.org

The favourable trend in industrial activity continues. Although the Bank Austria Purchasing Managers’ Index fell slightly in November from 56 points in the previous month to 55.2 points, Austrian industry continues to grow at an above-average pace. For 12 months straight, the index has remained above the threshold of 50 points, which signals an expansion in the sector compared to the…

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