The Unicredit Bank Austria Manufacturing PMI fell to a 22-month low of 51.2 in June of 2022 from 56.6 in the previous month. New orders fell at a sharply accelerated pace as high prices and economic uncertainty weakened customer demand. This coupled with material shortages led to a decline in production levels, although at a slower rate than new orders as firms were able to deplete backlogs of work. Still, the rate of factory employment was robust in June. Supply delays were once again widely reported, with shortages of materials and components being compounded by transportation issues. On the price front, rates of inflation cooled for the second month in a row, coinciding with the alleviation of some supply chain pressures, although they remained historically elevated. Looking ahead, output expectations turned negative for the first time since the initial COVID outbreak two years ago. source: Markit Economics
Manufacturing PMI in Austria averaged 53.54 points from 2013 until 2022, 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 June of 2022.
Manufacturing PMI in Austria is expected to be 52.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Austria Manufacturing PMI is projected to trend around 55.50 points in 2023 and 56.50 points in 2024, according to our econometric models.