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“Turnaround in sight for industrial activity”

Published: November 30, 2012; 19:43 · (Vindobona)

The Bank Austria Purchasing Managers' Index climbs in November to best reading since June. Rising orders nudge production up slightly in Austrian industry for the first time since the summer

“Turnaround in sight for industrial activity” / Picture: © Flickr

The downward cycle of Austrian industry has drawn to a close and economic activity has clearly bottomed out. "In November the Bank Austria Purchasing Managers' Index rose sharply, quite unexpectedly. At 49.3 points the indicator has recorded its best reading since June and is only marginally short of the 50-point threshold that signals the start of growth", said Bank Austria chief…

This article includes a total of 762 words.

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