empty
 
 

2019.10.2911:12:00UTC+00Austria's Manufacturing Sector Continues To Shrink

Austria's manufacturing sector continued to contract in October, survey data from IHS Markit showed Tuesday.

The UniCredit Bank factory Purchasing Managers' Index rose to 45.5 in October from September's near seven-year low of 45.1.

There was a notable decrease in output and the fall in factory employment was the steepest for nearly ten years, as firms adjusted to a further drop in demand from clients both at home and abroad.

On price front, data showed that input costs fell sharply and for the fifth month in succession. Average factory gate charges were down for fourth month, though the pace of decline was the slowest in the current sequence. Finally, sentiment among manufacturers towards the year ahead outlook for output improved only slightly in October from a near seven-year low seen in September.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback