Austria Manufacturing PMI

Last Release

Jul 31, 2024

Actual

43.1

Units In

Points

43.6

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
67 Jun 2021	31.6 Apr 2020	51.79 Points	2013-2024	Markit Economics

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.

Latest Updates

The UniCredit Bank Austria Manufacturing PMI climbed to 44.5 in November 2024 from 42 in the previous month, marking the 28th consecutive month of contraction, but at the slowest pace since May. The improvement was driven by a more moderate decrease in output and new orders, the two most significant components, which contracted at their least marked rates in six months. Meanwhile, firms continued to reduce workforce numbers to address overcapacity, with the rate of job cuts remaining sharp and the second-fastest since the initial pandemic-related shutdowns in early 2020. On the pricing front, input prices fell at a slower pace than the previous month, while output prices recorded their second-steepest decline in the past year, following the sharp drop in September. Finally, despite ongoing challenges, manufacturers’ expectations for the year-ahead outlook improved.