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.

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Austria Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
40.40 31.60 64.30 31.60 2013 - 2020 points Monthly
SA


News Stream
Austria Manufacturing PMI Second-Lowest on Record
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.
2020-05-27
Austria Manufacturing PMI at Record Low
The Unicredit Bank Austria Manufacturing PMI tumbled to a record low of 31.6 in April of 2020 from 45.8 in the previous month. Like output, new orders across the Austrian manufacturing sector showed an unprecedented collapse in April, with firms reporting order cancellations or postponements, client closures, and general uncertainty weighing on demand. Data showed a similarly sharp drop in export sales, reflecting the global nature of the COVID-19 outbreak. The decline in activity led manufacturers to cut workforce numbers at the fastest pace in more than 11 years. Finally, business confidence hit a record low for the second successive month. Many firms feared long-lasting effects from the pandemic, including extended disruption to production and supply, and a weak investment outlook.
2020-04-28
Austria Factory Activity Growth at 1-Year High
The Unicredit Bank Austria Manufacturing PMI rose to 50.2 in February of 2020 from 49.2 in the prior month. The reading pointed to the quickest expansion in factory activity since February last year after 10 straight months of decline, as both output and employment returned to growth. Still, new orders fell for the fourteenth month running, due to another drop in exports mainly to southern Europe and China. Also, lead times on input increased with companies linking delivery delays to the outbreak of coronavirus in China and subsequent supply issues. Meantime, stocks of purchases shrank the least in five months while postproduction inventories fell the most in over two years. On the price front, input costs declined for the ninth month and at the fastest pace since last September. Output charges fell only marginally and at the slowest rate in the current eight-month sequence of decline. Looking ahead, business confidence reached the strongest level since June 2018.
2020-02-26
Austria Manufacturing PMI Rises in January
The UniCredit Bank Austria Manufacturing PMI increased to 49.2 in January of 2020 from 46 in December. The reading pointed to the 10th straight month of contraction in factory activity, although at the slowest pace since the current period of falls started. Total new orders received by Austrian manufacturers were down for the thirteenth month although new export orders rose for the first time in 16 months. It was a similar picture for output, which showed almost no change from the month before and employment also fell at a slower rate. On the price front, average purchasing costs dropped further and output charges were also reduced. Looking ahead, manufacturers' confidence towards future output was at its highest since September 2018. Firms often pinned their hopes on an upturn in export sales.
2020-01-29

Austria Manufacturing PMI
In Austria, the Bank Austria Manufacturing PMI measures the performance of the manufacturing sector. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.