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Industrial Activity in Austria Contracts
For the first time this year, the production output declines dramatically. Moreover, a drop in orders – especially foreign orders – leads to a persistent decline in employment figures
Industrial Activity in Austria Contracts / Picture: © Vindobona.org
Austrian industry has started the second half of 2012 with a significant decline in production, as shown by the Bank Austria Purchasing Managers’ Index in July. "Austrian industry is no longer immune to the dramatic economic slowdown in the Eurozone. The Bank Austria Purchasing Managers’ Index saw a noticeable decline for the fifth time in a row in July. This time, the index fell…
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