The Unicredit Bank Austria Manufacturing PMI fell to 51 in August of 2020 from 52.8 in July, pointing to a loss of momentum in the manufacturing recovery from a big plunge in April and May. Rates of growth in both output and new orders were slower than in July, and the pace of staff cuts across the sector quickened for the first time in four months. There was also a renewed decline in buying levels amid efforts to streamline stocks, although confidence towards future output continued to improve.
Manufacturing PMI in Austria averaged 52.21 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 September of 2020. source: Markit Economics
Manufacturing PMI in Austria is expected to be 50.50 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 55.50 in 12 months time. In the long-term, the Austria Manufacturing PMI is projected to trend around 52.80 points in 2021 and 54.50 points in 2022, according to our econometric models.