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Austria's Industrial Production Increases in Early 2016

Published: January 29, 2016; 18:30 · (Vindobona)

Bank Austria has published its latest "Purchasing Managers' Index" on the Austrian economy climbs to 51.2 points in January. The Austrian industry should enjoy a dynamic start to the new year. More orders ensure major production expansion. A sharp decline in price of commodities boosts earnings. At the same time, production not at full capacity, too few new jobs being created and ongoing economic uncertainties leading to targeted cost and inventory optimisation.

Austria's industrial production increases in early 2016 / Picture: © UniCredit Bank Austria AG

GDP grows by 0.8 per cent in the first nine months – slightly stronger growth in 2016/17

In the first nine months of 2015, the Austrian economy expanded by 0.8 per cent compared with the same period of the previous year. The recovery process in Europe is making progress and is taking Austria with it, despite growing economic concerns in a number of emerging markets and…

This article includes a total of 660 words.

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