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Slow Growth in Austrian Industry
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In 2012, the Austrian economy is expected to grow by 0.8%. The overall uncertainty remains, optimism in the Austrian industrial sector shrinks.
Slow Growth in Austrian Industry / Picture: © Vindobona.org
The headwind from Europe is blowing ever-stronger in the face of Austrian industry. Nonetheless, the Austrian production sector remains on its growth trajectory. The Bank Austria Purchasing Managers' Index fell in May for the third time in a row to just 50.2 points. That said, despite the unfavourable raft of data from Europe in this the fifth month of the year, the indicator still…
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