Spring Boost for Austrian Industry?

BusinessEconomy ♦ Published: February 28, 2012; 11:44 ♦ (Vindobona)

Bank Austria's Purchasing Managers' Index in February confirms trend reversal. A strong production growth thanks to solid gains in foreign orders is observed.

Spring Boost for Austrian Industry? / Picture: © Wikimedia Commons [CC0 1.0] / Pixabay [CC0 Creative Commons]

The survey of Austrian purchasing managers in February confirmed the upwards trend reversal for Austrian industry that began to take shape at the start of the year. "The Bank Austria Purchasing Managers' Index rose to 52 points in February. This was the third increase in a rowand for the second time the indicator is now back above the 50-point threshold that signals growth in the…