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Turnaround for Austrian Industry?
According to Bank Austria, a rise in demand leads to a marked gain in new orders and triggers growth in backlogs of work. In 2012, the Austrian economy is predicted to start to expand again.
Turnaround for Austrian Industry? / Picture: © Vindobona.org
The positive signs of a burgeoning stabilisation of the slowdown in industrial activity seen last month were more than confirmed in the most recent survey of Austria’s purchasing managers. The Bank Austria Purchasing Managers’ Index posted a gain for the second month in a row in January, which was not entirely unexpected, although the extent of the increase did come as a surprise.…
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