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Industrial Activity Is Cooling Down
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Growth of Austrian industrial production has reached its lowest level since the beginning of 2010. The rate of job creation is leveling off.
Industrial Activity Is Cooling Down / Picture: © Vindobona.org
Bank Austria’s latest Purchasing Managers’ Index shows that industry growth has continued to slow down in June. “A lower number of new orders from Austria and abroad resulted in a reduced backlog of orders so that production growth declined significantly”, explained chief economist Stefan Bruckbauer on Wednesday. Job creation, which is still on a high level, is predicted to come…
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