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Purchasing Managers' Index: Austrian Industry Defies Market Turbulence and Economic Worries

Published: March 1, 2016; 15:00 · (Vindobona)

Bank Austria has published its latest "Purchasing Managers' Index" on the Austrian economy. In spite of the recent turbulence on the market and the growing economic concerns, Austrian industry is in good shape at present. Austrian industry has been enjoying an upwards trend for roughly a year now. The increase in Bank Austria’s Purchasing Manager’s Index to 51.9 points in February shows that following a dip before the turn of the year, growth has picked up again since the start of 2016. Despite the tense mood on the markets, Austrian industry is still providing good real economic data.

Purchasing Managers' Index: Austrian industry defies market turbulence and economic worries / Picture: © UniCredit Bank Austria AG

Further rise in Bank Austria PMI in February

- Industry keeps growing: Bank Austria Purchasing Managers' Index climbs to 51.9 points in February
- Strongest production increase in two years thanks to growth in Austrian and international orders, but employment barely rises in February
- Decline in commodity prices improves earnings position of Austrian industrial…

This article includes a total of 766 words.

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