Austrian Industry Running Increasingly Smoothly

BusinessEconomy ♦ Published: March 30, 2012; 11:45 ♦ (Vindobona)

The Austrian industry has potential: positive surprise still possible despite tight earnings situation caused by high commodity prices. Export orders rise strongly again.

Austrian Industry Running Increasingly Smoothly / Picture: ©

While the figures supplied by European industry over the early months of this year were very much a mixed bag, the recovery of Austrian industry, by contrast, has proved to be rather stable. The Bank Austria Purchasing Managers' Index fell slightly in March in comparison to the previous month. However, with its current reading of 51.5 points it is still clearly above the growth…