The Unicredit Bank Austria Manufacturing PMI rose to 58.3 in February of 2021 from 54.2 in the previous month. The latest reading pointed to the strongest expansion in factory activity since February 2018, boosted by accelerated growth in both output and new order levels. The rate of factory job creation quickened to the fastest for more than two years as firms looked to expand capacity and showed increased optimism towards the year-ahead outlook for activity. At the same time, however, there was a further intensification of supply chain pressures, with record numbers of goods producers facing delivery delays. Accordingly, input cost inflation spiked to a near-decade high. Lastly, February's survey showed business confidence towards future output at its highest in over three years. source: Markit Economics
Manufacturing PMI in Austria averaged 52.32 points from 2013 until 2021, 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 February of 2021.
Manufacturing PMI in Austria is expected to be 51.80 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 52.80 in 12 months time. In the long-term, the Austria Manufacturing PMI is projected to trend around 54.50 points in 2022, according to our econometric models.