The Unicredit Bank Austria Manufacturing PMI went up to 64.7 in April of 2021 from 63.4 in the previous month, thus reaching the highest value since the beginning of the series in 1998. Austrian manufacturers experienced the fastest rise in new orders in over two decades helped by improving demand from both external and domestic markets, which led not only to a robust output growth, but also to a record increase in backlogs of work. At the same time, stocks of finished goods fell at a faster rate, amid difficulties in keeping up with demand and input delivery delays. In addition, the rate of job creation continued to gain momentum, as firms attempted to expand capacity. On the price front, input cost inflation hit an all-time high, while factory gate charges rose the most since 2011. Looking ahead, business optimism was among the strongest since this series began in 2012, despite a small dip in comparison to the previous month. source: Markit Economics
Manufacturing PMI in Austria averaged 52.56 points from 2013 until 2021, reaching an all time high of 64.70 points in April of 2021 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 2021.
Manufacturing PMI in Austria is expected to be 55.50 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.