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Economy And The Numbers

Austrian Manufacturing Downturn Eases In August

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News

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.

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