The Unicredit Bank Austria Manufacturing PMI rose to 40.4 in May 2020 from an all-time low of 31.6 in the previous month. Still, the latest reading pointed to the second sharpest contraction in factory activity on record amid the coronavirus crisis. Output shrank for the third consecutive month albeit at a slower pace as some firms reopened operations; and new orders continued to fall amid reports of client closures and general hesitancy. The job shedding rate slowed, still it was the second-fastest seen in over a decade. On the price front, input prices declined at the quickest pace since July 2018 due to lower oil prices, and output charges dropped at the steepest rate in 11 years. Finally, sentiment remained negative amid worries over potential long-lasting effects from the covid-19 pandemic on demand.
Manufacturing PMI in Austria averaged 52.29 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 May of 2020. source: Markit Economics
Manufacturing PMI in Austria is expected to be 42.00 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 50.00 in 12 months time. In the long-term, the Austria Manufacturing PMI is projected to trend around 51.00 points in 2021 and 52.00 points in 2022, according to our econometric models.