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Weak Demand Slows Austrian Industry
Bank Austria's Purchasing Managers' Index drops in August to lowest reading since mid-2009. A growth horizon is no longer in sight. In Austria, a substantial fall in order was observed.
Weak Demand Slows Austrian Industry / Picture: © Vindobona.org
Austrian industrial activity began to cool down rapidly at the start of the summer. However, there are now signs that this downward trend is slowing and stability is beginning to return. "The decline in the Bank Austria Purchasing Managers' Index, which began at the start of the year, slowed in August when the indicator came in at 46.7 points, down from 47.4 in the previous month. This…
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