The Unicredit Bank Austria Manufacturing PMI came at 46 in December of 2019, the same as in the previous month. Austria’s manufacturing sector remained in contraction, as output, new orders and employment fell further. On the price front, overall purchasing costs declined for the seventh straight month, with manufacturers being able to negotiate lower prices with vendors. Finally, Manufacturers' output expectations improved for a third consecutive month to the highest since April. Manufacturing PMI in Austria averaged 52.83 points from 2013 until 2019, reaching an all time high of 64.30 points in December of 2017 and a record low of 45.10 points in September of 2019. source: Markit Economics
Manufacturing PMI in Austria is expected to be 46.30 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 52.20 in 12 months time. In the long-term, the Austria Manufacturing PMI is projected to trend around 53.40 points in 2020, according to our econometric models.