Purchasing Managers' Index: Austrian Economy Still Waiting for Industrial Upswing

Markets ♦ Published: January 29, 2015; 17:00 ♦ (Vindobona)

Bank Austria has published its latest "Purchasing Managers' Index" on the Austrian economy. While industrial activity is slowly improving in Europe, Austrian industry is not yet in the best of form in early 2015.

Purchasing Managers' Index, January 2015 / Picture: © UniCredit Bank Austria AG

Bank Austria’s Purchasing Managers´ Indicator fell to 48.5 points in January.

The reasons that Austrian industry is not making any headway include the very subdued demand from Austria and abroad as well as the strong trade ties with CEE, which means Austrian industry is more strongly affected by the EU sanctions against Russia and the consequences of the crisis in…

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