The Unicredit Bank Austria Manufacturing PMI rose to 54 in October of 2020 from 51.7 in the prior month. The latest reading pointed to the strongest expansion since November of 2018, as both output and new orders grew much faster on the back of improving demand. As a result, purchasing activity rose strongly, recording the steepest increase in almost two years. Meanwhile, jobs continued to be shed for the eighth consecutive month amid efforts to save costs. On the price front, inflationary pressure on both input costs and output prices was modest. Lastly, sentiment weakened slightly for the first time in six months. source: Markit Economics
Manufacturing PMI in Austria averaged 52.23 points from 2013 until 2020, reaching an all time high of 64.30 points in December of 2017 and a record low of 31.60 points in April of 2020. This page provides the latest reported value for - Austria Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Austria Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Manufacturing PMI in Austria is expected to be 50.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Austria to stand at 54.10 in 12 months time. In the long-term, the Austria Manufacturing PMI is projected to trend around 52.80 points in 2021 and 54.50 points in 2022, according to our econometric models.