The UniCredit Bank Austria Manufacturing PMI climbed to 67 in June of 2021 from 66.4 in the previous month. The latest reading pointed to the third consecutive record growth in the factory sector, driven by an ongoing surge in new orders as demand continued to recover from the effects of the COVID-19 pandemic. Production levels were raised further, although the pace of output growth eased amid constraints from supply shortages. Lengthening input lead-times and sharply rising backlogs of work underscored a general imbalance between supply and demand, which in turn helped push up rates of inflation of both input costs and output prices to new record highs at the end of the second quarter. There were widespread hopes of a sustained recovery in demand over the next 12 months, and an eventual easing of supply chain disruption. source: Markit Economics
Manufacturing PMI in Austria averaged 52.85 points from 2013 until 2021, reaching an all time high of 67 points in June 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 July of 2021.
Manufacturing PMI in Austria is expected to be 65.50 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.