The Unicredit Bank Austria Manufacturing PMI rose to 66.4 in May of 2021 from 64.7 in the previous month, pointing to a record growth in the factory sector. Austrian manufacturers experienced record increases for new orders and output, driven by stronger external demand, a recovery in investment spending and the easing of lockdown restrictions. Widespread urgency to boost capacity as backlogs increased at record pace, led to a pick-up in the rate of job creation that stood at a 3-year high. Additionally, supply-side conditions continued to worsen amid severe material shortages and rising delivery delays, which pushed both cost inflation and factory gate charges to a survey high. At last, business confidence eased further to a 4-months low, as manufacturers remain generally positive about next year’s outlook, while stating concerns regarding the ongoing supply issues. source: Markit Economics
Manufacturing PMI in Austria averaged 52.70 points from 2013 until 2021, reaching an all time high of 66.40 points in May 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 June 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.