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Austria Manufacturing Contracts In December

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us

Austria's manufacturing activity slipped into the contraction territory in December as the renewed fall in new orders weighed on production growth, survey data from S&P Global showed on Monday.

The UniCredit Bank Austria manufacturing Purchasing Managers' Index fell to 49.3 in December from 50.4 in November. A score below 50.0 indicates contraction.

Although the index fell below the neutral 50.0 mark indicating contraction, the score was the second-highest since mid-2022.

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