Downward Trend in Austrian Industrial Sector Accelerates

Published: September 3, 2012; 18:59 · (Vindobona)

Due to the crisis in the Eurozone, the downward trend in Austria accelerates.

Downward Trend in Austrian Industrial Sector Accelerates / Picture: © Flickr

The Markit Institute announced that the industrial sector in the Eurozone continues its downward trend. The purchase manager index grew from 44.0 to 45.1 points. Thus, the growth limit of 50 points was not reached. According to the economist Rob Dobson, this could mean that the worst is over. “Nevertheless, the industrial sector is a growth brake in the third quarter.”

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