Slightly more confidence, recession in Industry weakend
“The start of the new year gives rise to new hope for an improvement in the industrial economy in Austria. After a weak end to 2024, the UniCredit Bank Austria Purchasing Managers' Index rose to 45.7 points in January. The indicator thus climbed by 2.5 points compared to the previous month to its highest value since May last year. Domestic industry is still in a recession, but this has eased somewhat,” says UniCredit Bank Austria Chief Economist Stefan Bruckbauer, adding: “The decline in production slowed significantly in January after the order situation also improved. However, sharply falling output prices were offset by only slowly declining costs, which tended to contribute to a deterioration in the earnings situation. In view of the high level of uncertainty, job cuts continued at a rapid pace, which contributed to an improvement in productivity.”
- The UniCredit Bank Austria Purchasing Managers' Index rose to 45.7 points in January, the highest value for six months
- The slowdown in the decline in new orders slowed the pace of output cuts
- The continued high level of staff reductions improved productivity in the industry at the start of the year
- Decline in costs was again lower than that in output prices: Average earnings situation deteriorated again
- Weak demand and low production requirements led to a further reduction in stocks of purchases and of finished goods
- Future output expectations for the year turned positive in January and reached their highest level in six months
UniCredit Bank Austria Purchasing Managers' Index (PDF)
as of January, 2025.
About UniCredit Bank Austria Purchasing Managers' Index
The UniCredit Bank Austria Purchasing Managers' Index offers an evaluation of the economic situation of Austrian industry by selected purchasing managers.
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