The downturn in Austria's factory activity eased and moved closer to stabilization in February amid a fresh growth in new orders, survey results from S&P Global showed Wednesday.
The UniCredit Bank Austria Manufacturing Purchasing Managers' Index rose to a 3-month high of 49.4 in January from 47.2 in December. Nonetheless, any score below 50.0 indicates contraction in the sector.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.