Austria’s manufacturing activity expanded at a record pace in December, survey figures from IHS Markit showed Thursday.
The UniCredit Bank Austria Purchasing Managers’ Index, or PMI, climbed to 64.3 in December from 61.9 in November. Any reading above 50 indicates expansion in the sector.
Moreover, the latest reading was the highest since the survey began in October 1998.
Among components, growth of output, new orders, purchasing, employment and backlogs were all the fastest registered to date.
On the price front, input price inflation accelerated to an 80-month high in December, linked to higher oil and raw material prices. Meanwhile, output price inflation eased, but remained strong.
Looking ahead to 2018, manufacturers were the most optimistic regarding expected growth since the output expectations data were first collected in July 2012.
The material has been provided by InstaForex Company – www.instaforex.com
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
