Austria's factory activity contracted at a slower pace in July as output grew at the fastest pace in more than three years, survey data from S&P Global showed on Wednesday.
The UniCredit Bank Austria Manufacturing Purchasing Managers' Index rose to 49.1 in August from 48.2 in July. However, a score below 50.0 indicates contraction.
Production volumes increased at the quickest pace since May 2022, supported by existing backlogs of work. The fall in new orders eased further, indicating signs of demand stabilizing.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.