Purchasing Managers' Index: Austrian Industry Shows First Signs of Recovery

Published: May 5, 2015; 20:00 · (Vindobona)

Bank Austria has published its latest "Purchasing Managers' Index" on the Austrian economy. At the end of the first quarter in 2015 subtle signs of a pick-up in Austrian economic activity were detected for the first time in about six months.

Austrian Industry Shows First Signs of Recovery / Picture: © UniCredit Bank Austria AG

Bank Austria's Business Indicator rose to 0.3 points in March.

This means the indicator posted a positive reading again for the first time since November last year, which signals at least a slight upswing in the Austrian economy.

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