The Unicredit Bank Austria Manufacturing PMI fell to 51.7 in November of 2020 from 54 in the previous month. Output, new orders and export orders grew at a slower pace. Meantime, jobs continued to be shed for the ninth month running, though less than in October, amid efforts to cut costs. On the price front, input price inflation ticked up to the quickest since March 2019, partly reflecting increased supply chain pressures, with November seeing average lead times on inputs lengthen to the greatest extent since April. Meantime, output charge inflation eased and was only marginal overall, amid higher competitive pressures. Looking ahead, firms remained optimistic towards production over the next 12 months, with the degree of confidence improving slightly from October. source: Markit Economics
Manufacturing PMI in Austria averaged 52.22 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 November of 2020.
Manufacturing PMI in Austria is expected to be 50.30 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 54.10 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.