FOREX TradingCharts.com

Financial News: Austria Manufacturing Shrinks Most In 7 Years

Austria Manufacturing Shrinks Most In 7 Years

09/26/2019 - 07:35:00 (RTTNews)

(RTTNews) - Austria's manufacturing sector contracted at the fastest rate in seven years in September, survey data from IHS Markit showed on Thursday.

The UniCredit Bank Austria Manufacturing purchasing managers' index, or PMI, fell to an 83-month low of 45.1 in September from 47.9 in August.

Any reading below 50 indicates a contraction in the sector.

Output, new orders and employment fell at faster rates in September. While the former two dropped at the fastest pace in nearly seven years, the latter decreased the most in almost a decade.

New orders declined for the ninth month in a row in September and new exports dropped sharply. Both orders and production fell at the fastest rates since October 2012.

Export order decline was driven by a sharp drop in orders from Germany.

Headcount was reduced for the third consecutive month in September and at the fastest rate since November 2009. Lower sales led to rise in post-production of inventories.

Suppliers delivery time fell further and purchase price declined for the forth straight month. The input cost fell at the steepest rate in three-and-a-half years in September. Output prices fell at a faster rate.

Manufacturers' expectations regarding business growth was the weakest since late-2012.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Leading Economic Index Unexpectedly Edges Lower In September (12 hr(s), 17 min(s), 32 sec(s) ago)
(RTTNews) - Partly reflecting weakness in the manufacturing sector, the Conference Board released ...Full Story»

Russia CB Chief Nabiullina: GDP Growth To Return To 1.5-2% In 2020 - CNBC (12 hr(s), 26 min(s), 32 sec(s) ago)
(RTTNews) - Russia's economic growth is expected to return to 1.5-2 percent next year, support ...Full Story»

European Council Confirms Christine Lagarde As Next ECB Chief (13 hr(s), 25 min(s), 32 sec(s) ago)
(RTTNews) - European leaders on Friday confirmed the appointment of Christine Lagarde as the next ...Full Story»

BoE's Ramsden Still Sees Scope For Rate Hikes If Brexit Goes Smooth: Report (14 hr(s), 36 min(s), 32 sec(s) ago)
(RTTNews) - If the UK moves out of the European Union smoothly, then the Bank of England has room ...Full Story»

Hong Kong Jobless Rate Steady In September (15 hr(s), 25 min(s), 32 sec(s) ago)
(RTTNews) - Hong Kong's jobless rate remained stable during the July to September period, data ...Full Story»

Poland Industrial Production Rises More Than Expected (15 hr(s), 31 min(s), 32 sec(s) ago)
(RTTNews) - Poland's industrial production rose at a faster-than-expected rate in September, f ...Full Story»

Poland Producer Price Inflation Steady In September (15 hr(s), 35 min(s), 32 sec(s) ago)
(RTTNews) - Poland's producer price inflation remained stable in September, data from the Cent ...Full Story»

Japan Govt Lowers Economic Assessment (16 hr(s), 20 min(s), 32 sec(s) ago)
(RTTNews) - Japan's government lowered its economic assessment as exports are expected to rema ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Leading Economic Index Unexpectedly Edges Lower In September

10/18/2019 - 10:31 AM (RTTNews)
(RTTNews) - Partly reflecting weakness in the manufacturing sector, the Conference Board released ...Full Story>>

Russia CB Chief Nabiullina: GDP Growth To Return To 1.5-2% In 2020 - CNBC

10/18/2019 - 10:22 AM (RTTNews)
(RTTNews) - Russia's economic growth is expected to return to 1.5-2 percent next year, support ...Full Story>>

European Council Confirms Christine Lagarde As Next ECB Chief

10/18/2019 - 09:23 AM (RTTNews)
(RTTNews) - European leaders on Friday confirmed the appointment of Christine Lagarde as the next ...Full Story>>

BoE's Ramsden Still Sees Scope For Rate Hikes If Brexit Goes Smooth: Report

10/18/2019 - 08:12 AM (RTTNews)
(RTTNews) - If the UK moves out of the European Union smoothly, then the Bank of England has room ...Full Story>>

Hong Kong Jobless Rate Steady In September

10/18/2019 - 07:23 AM (RTTNews)
(RTTNews) - Hong Kong's jobless rate remained stable during the July to September period, data ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.